• 42
  • 4
  • Favorite

Conn's Stock Gains As Q2 Earnings Smashes Estimates

Benzinga2021-09-01

  • Conn's Inc (NASDAQ:CONN) reported second-quarter FY22 revenue growth of 14% year-on-year, to $418.38 million, beating the analyst consensus of $396.74 million.
  • Q2 same-store sales increased 16.4% versus last year and increased 3.2% on a two-year basis.
  • Total retail revenues rose 24.0% Y/Y to $347.0 million.
  • Furniture and mattress sales rose 34.9% Y/Y, home appliance sales increased 25.8%, and consumer electronics gained 2.3%.
  • E-commerce sales increased 210.9% Y/Y to $17.3 million, and Lease-to-own sales climbed 70.3% to $41.6 million.
  • EPS of $1.22 beat the analyst consensus of $0.71.
  • Operating expenses rose 12% Y/Y to $364 million.
  • The operating margin was 13%, and operating income for the quarter rose 30.8% to $54.2 million.
  • Conn's held $39.7 million in cash and equivalents as of July 31, 2021.
  • Total debt of Conn's declined 41% Y/Y to $439.6 million.
  • Net debt as a percentage of the portfolio balance decreased 13.9 percentage points Y/Y to 36.2%.
  • Price Action: CONN shares are trading higher by 10.12% at $27.09 in premarket on the last check Wednesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment4

  • Hana83
    ·2021-09-01
    ??
    Reply
    Report
  • JosephHo
    ·2021-09-01
    Cut
    Reply
    Report
  • superkool
    ·2021-09-01
    Ya
    Reply
    Report
    Fold Replies
    • Eellen
      Like and connent
      2021-09-01
      Reply
      Report
    • Ahleepapa
      Gd
      2021-09-01
      Reply
      Report
  • Limhockmeng
    ·2021-09-01
    Wow
    Reply
    Report
    Fold Replies
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial