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Thursday, June 7, 2018

Conn's (CONN) reported earnings on Thur 7 June 2018 (b/o)

** charts before earnings **


  




** charts after earnings **

  





Conn's beats by $0.12, reports revs in-line 
  • Reports Q1 (Apr) earnings of $0.39 per share, $0.12 better than the Capital IQ Consensus of $0.27; revenues rose 0.7% year/year to $358.4 mln vs the $355.1 mln Capital IQ Consensus.
  • Outlook and Guidance - The following are the Company's expectations for the business for the second quarter of fiscal year 2019:
    • Change in same store sales between 0.0% and positive 3.0%
    • Retail gross margin between 40.25% and 40.75% of total retail net sales
    • Selling, general and administrative expenses between 30.5% and 32.5% of total revenues
    • Provision for bad debts between $51.0 million and $55.0 million
    • Finance charges and other revenues between $85.0 million and $89.0 million

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