Conn's Inc (OQ:CONN)

Business Focus: Computer & Electronics Retailers

Sector:  Consumer Cyclicals Industry:  Computer & Electronics Retailers
 
See Regulatory Filings on SEC
Company Contact
Address: 2445 Technology Forest Blvd,
Suite 800
THE WOODLANDS TX 77381
Tel: 1-216-4646400
Website: https://www.conns.com
IR: See website
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Key People
Norman L. Miller
President, Chief Executive Officer, Director
Timothy Santo
Chief Financial Officer, Chief Accounting Officer
Rodney D. Lastinger
President - Retail
Brian A. Daly
Chief Human Resource Officer, Senior Vice President
Mark L. Prior
Senior Vice President, General Counsel, Secretary
Thomas J. Fenton
Senior Vice President, Chief Credit Officer
Business Overview
Conn's, Inc. is a specialty retailer of home goods, including furniture and mattresses, appliances and consumer electronics. The Company offers branded durable consumer goods and related services in addition to proprietary credit solutions for its core credit-constrained consumers. The Company operates in two segments: retail and credit. The retail segment operates primarily through its stores and Website. The retail segment product offerings include furniture and mattresses, home appliances, consumer electronics and home office products from global brands across a wide range of price points. The credit segment offers financing solutions to a large, under-served population of credit-constrained consumers who typically have limited credit alternatives. Its appliances include refrigerators, washers and dryers, dishwashers, cooktops, ranges, wall ovens, microwaves, vacuum cleaners, range hoods, parts and accessories, and air conditioners.
Financial Overview
For the nine months ended 31 October 2023, Conn's Inc revenues decreased 14% to $871.6M. Net loss increased from $16.5M to $120.2M. Revenues reflect Retail segment decrease of 14% to $691.7M, Credit segment decrease of 7% to $186.4M, Comparable Store Sales %-Home Appliances decrease of 89% to -25.9%, Retail Sales-Home Appliances decrease of 24% to $252.5M. Higher net loss reflects Credit segment loss totaling $18.7M vs. income of $23.6M.
Employees: 3,800 as of Jan 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $759.81M as of Oct 31, 2023
Annual revenue (TTM): $1,206M as of Oct 31, 2023
EBITDA (TTM): -$50.49M as of Oct 31, 2023
Net annual income (TTM): -$163.00M as of Oct 31, 2023
Free cash flow (TTM): -$74.83M as of Oct 31, 2023
Net Debt Last Fiscal Year: $675.84M as of Oct 31, 2023
Shares outstanding: 24,550,113 as of Dec 11, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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