According to these reports, Conn's is considering shuttering up to 100 of its locations around the U.S. That's worth noting as the furniture company only operates 170 stores across 15 states. All of this comes as Conn's has had a rough few years. The last two fiscal years have been losses for it and reports suggest it will see the same again in 2024. That helps explain why the company is closing stores and keeping a Chapter 11 filing on the table. A bankruptcy filing would no doubt be bad for investors in C ...

THE WOODLANDS, Texas, June 26, 2024 (GLOBE NEWSWIRE) -- Conn's, Inc. (NASDAQ:CONN) ("Conn's" or the "Company"), a specialty retailer of home goods, including furniture and mattresses, appliances, and consumer electronics, today announced that on June 20, 2024, it received a delinquency notification letter (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq"), indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule") because of the Company's delay in filing its Q ...

32 Table of Contents We may fail to realize all of the anticipated benefits of the acquisition. The success of the transaction will depend, in part, on our ability to realize the anticipated benefits and cost savings from combining Conn's and Badcock's businesses. The anticipated benefits and cost savings of the acquisition may not be realized fully or at all, may take longer to realize than expected, may require more nonrecurring costs and expenditures to realize than expected or could have other adverse e ...

Company Participants Conference Call Participants Operator As a reminder, this conference call is being recorded. The company's earnings release, dated April 11, 2024 was distributed this morning and is accessed via the company's investor relations website at ir.conns.com. During today's call, management will discuss, among other financial performance measures, adjusted net income, adjusted retail segment operating loss, and adjusted credit segment operating income. Your statements today are Norm Miller, th ...

Conn's (CONN) came out with a quarterly loss of $1.25 per share versus the Zacks Consensus Estimate of a loss of $1.57. This compares to loss of $1.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.38%. A quarter ago, it was expected that this retailer would post a loss of $1.48 per share when it actually produced a loss of $2.03, delivering a surprise of -37.16%.Over the last four quarters, the company has surpassed conse ...

6 CONN'S, INC. AND SUBSIDIARIES CREDIT SEGMENT FINANCIAL INFORMATION (unaudited) (dollars in thousands) | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------|-------|-------|------------------------|--------|-------|--------------|-------|-----------------------|-------|------------| | Revenues: | | | Three January \n2024 | Months | 31, | Ended \n2023 | | Year January \n2024 | Ended | 31, \n2023 | | Finance cha ...

THE WOODLANDS, Texas, April 11, 2024 (GLOBE NEWSWIRE) -- Conn's, Inc. (NASDAQ:CONN) ("Conn's" or the "Company"), a specialty retailer of home goods, including furniture and mattresses, appliances, and consumer electronics, today announced its financial results for the quarter and year ended January 31, 2024.   "Since completing the transformative transaction with W.S. Badcock ("Badcock") in December 2023, we have focused on successfully integrating the two organizations, aligning around a common culture, an ...

Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Conn's (CONN) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Conn's is one of 218 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the gr ...

(1) Includes provision for uncollectible interest, which is included in finance charges and other revenues, and changes in expected future recoveries. (2) Charge-offs include the principal amount of losses (excluding accrued and unpaid interest). Recoveries include the principal amount collected during the period for previously charged-off balances. Net charge-offs are calculated as the net of principal charge-offs and recoveries. We manage our customer accounts receivable portfolio using delinquency as a k ...

Norm Miller - Interim CEO Operator Your speakers today are Norman Miller, the company's Interim CEO; and George Bchara, the company's CFO. I'll start today's call with an update on our strategic priorities before turning the call over to George, who will review our financial results in more detail. The strategic initiatives we are pursuing to turn around our retail performance and better serve our core credit-constrained customers are taking hold and continue to perform in line with our expectations. For th ...