Conn's, Inc. Reports Third Quarter Fiscal 2019 Financial Results
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Conn's (CONN) Tops Q3 EPS by 1c, Revenues Miss
December 4, 2018 6:07 AM ESTConn's (NASDAQ: CONN) reported Q3 EPS of $0.59, $0.01 better than the analyst estimate of $0.58. Revenue for the quarter came in at $373.82 million versus the consensus estimate of $385.69 million.
Fiscal year 2019 is shaping up to be one of the best years of profitability in Conns 128-year history. This is primarily due to our growing credit spread and strong retail gross and operating margins. Conns credit spread was 940 basis points in the third quarter of fiscal year 2019 as a result of record interest income and fee yield and lower charge-offs of bad debts. From a retail... More
