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

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

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

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

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

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows