Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Conn’s, Inc. Reports Q4, Year End Earnings
Mar 30, 2007
 Printable format
 Email this Article
 Search

Conn’s, Inc., a specialty retailer of home appliances, consumer electronics, computers, and lawn and garden products, announced earnings results for the quarter and year ended Jan. 31, 2007.

Net income for the fourth fiscal quarter decreased 1.0 percent to U.S. $12.7 million compared with $12.8 million for the fourth quarter of last year. Diluted earnings per share available for common stockholders were $0.52 compared with $0.52 for the fourth quarter of last year. Total revenues for the quarter ended Jan. 31, 2007 increased 3.2 percent to $212.6 million compared with $206.1 million for the quarter ended Jan. 31, 2006. This increase in revenue included increases in “Finance charges and other” of $2.2 million, or 10.3 percent, and an increase in net sales of $4.3 million, or 2.3 percent. Same store sales (revenues earned in stores operated for the entirety of both periods) decreased 2.2 percent for the fourth quarter of fiscal 2007. As previously disclosed, the same store sales increase for the quarter ending Jan. 31, 2006 of 22.6 percent was positively impacted 700 to 900 basis points by hurricanes Katrina and Rita.

Net income for the year ended Jan. 31, 2007 decreased 1.9 percent to $40.3 million compared with $41.1 million for the prior year. Diluted earnings per share available for common stockholders for the year ended Jan. 31, 2007 were $1.66 compared with $1.71 for last year. Total revenues for the year ended Jan. 31, 2007 increased 8.5 percent to $760.7 million compared with $701.1 million for the year ended Jan. 31, 2006. This increase in revenue included net sales increases of $56.2 million, or 9.1 percent, and increases in “Finance charges and other” of $3.3 million, or 4.1 percent. Same store sales (revenues earned in stores operated for the entirety of both periods) increased 3.6 percent for fiscal 2007.
 

Back to Daily News

 

Daily News

...........................................................

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

Aug 27, 2014: Electrolux Joins AllSeen Alliance to Develop Seamlessly Connected Appliances

Aug 27, 2014: HRAI Awards Industry Leaders at 46th Annual Meeting

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows