CONN

Conn's Turns To Profit In Q4, Revenues Rise; Sees Growth In FY25 Profitability, Retail Sales

(RTTNews) - Conn's, Inc. (CONN), a specialty retailer of home goods, reported Thursday that its fourth-quarter net income was $43.3 million or $1.75 per share, compared to last year's net loss of $42.8 million or $1.79 per share.

Adjusted net loss was $31.0 million or $1.25 per share, compared to adjusted net loss of $36.7 million or $1.53 per share a year earlier.

Total consolidated revenue increased 9.3 percent to $366.08 million from prior year's $334.88 million. Total net sales grew 8.6 percent to $293.69 million.

The Badcock transaction, which closed on December 18, 2023, contributed $68.4 million to total consolidated revenue.

Looking ahead, Norm Miller, President and Chief Executive Officer, said, "While we expect the macro-environment to remain challenging throughout our fiscal year 2025, I am confident that the Badcock transaction, combined with existing strategic initiatives underway, will position us to emerge stronger and more resilient than ever before. As a result, we expect to experience year-over-year improvements in both retail sales and profitability throughout fiscal year 2025."

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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