Wednesday, August 30, 2023

Conn's Posts Loss In Q2; Same Store Sales Down 15.4%

Conn's, Inc. (CONN) posted a second quarter net loss of $33.5 million, or $1.39 per share, compared to net income of $2.1 million, or $0.09 per share or adjusted net income of $1.0 million, or $0.04 per share, a year ago. The company noted that there were no non-GAAP adjustments for the three months ended July 31, 2023. On average, three analysts polled by Thomson Reuters expected the company to a loss per share of $1.53, for the quarter. Analysts' estimates typically exclude special items.

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