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Daily News

Conn's Reports Record Year
May 8, 2006
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Conn's, Inc. (Beaumont, Texas, U.S.) reported record earnings for the fourth quarter and year ended Jan. 31, 2006. The company is a specialty Southwestern U.S. retailer of home appliances, consumer electronics, computers, and lawn and garden products.

Net income available for common stockholders for the fourth quarter increased 39.8 percent to U.S. $12.9 million compared to $9.2 million for the fourth quarter of last year. Diluted earnings per share available for common stockholders were $0.53 compared with $0.39 for the fourth quarter of last year. Total revenues for the quarter ended Jan. 31, 2006 increased 27.0 percent to $206.6 million compared with $162.7 million for the quarter ended January 31, 2005.

Total revenues for the year ended Jan. 31, 2006 increased 23.9 percent to $702.4 million compared with $567.1 million for the year ended Jan. 31, 2005. Same store sales increased 16.9 percent for the year ended January 31, 2006. Net income available for common stockholders for the year ended Jan. 31, 2006 increased 36.7 percent to $41.2 million compared to $30.1 million for the year ended Jan. 31, 2005. Diluted earnings per share available for the common stockholder increased 33.9 percent to $1.70 for the year ended Jan. 31, 2006 from $1.27 in the prior year.

During the year, Conn's added six stores to bring the store count to 56. By the end of January 2007, it expects to operate approximately 62 to 64 stores.

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