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Conn's, Inc., a Texas, U.S.-based retailer of home appliances, consumer electronics, home office products, and lawn and garden products, announced record results for the quarter and 9-month period ended Oct. 31, 2004.
Total revenues for the quarter increased 13.2 percent to U.S. $132.9 million compared with $117.4 million from the same period in 2003. Total revenues for the 9-month period increased 13.8 percent to $404.4 million compared with $355.3 million from the same period in 2003.
The retailer said it plans to continue to increase profits by increasing its market share in the major appliance and home electronics categories, enhancing its digital electronics and portable appliance categories, and opening new stories in selected markets.
"Because of our execution of this strategy, we continue to enjoy revenue increases," said Thomas J. Frank, Conn's chairman and CEO said. "Both from same store sales increases and new stores, over those reported in the previous periods.
The retailer said it expected earnings per diluted share for the fourth quarter ended Jan. 31, 2005 to be approximately $0.36 to $0.38. Guidance for the entire year continues to include earnings per diluted share of approximately $1.24 to $1.26.
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