Conn’s, Inc. Reports Fourth Quarter Fiscal Year 2019 Financial Results

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Conn's (CONN) Tops Q4 EPS by 20c, Revenues Miss; Provides FY20 Business Outlook

March 26, 2019 6:09 AM EDT

Conn's (NASDAQ: CONN) reported Q4 EPS of $0.96, $0.20 better than the analyst estimate of $0.76. Revenue for the quarter came in at $338.73 million versus the consensus estimate of $438.12 million.

Fiscal year 2019 was a historic year for Conns and reflects the growing momentum in our business. For fiscal year 2019, same-store sales, retail gross margin, bad debt charge-offs and overall profitability improved significantly compared to the prior year. Retail growth strategies underway produced a 3.7% increase in non-Harvey same store sales during the fourth quarter. Fourth quarter GAAP earnings increased significantly to $0.91 per diluted share, which are... More