Conn’s Posts Record Profits
Conn’s this week announced a quarterly profit of $24.4 million, which more than doubled the figure of $11.8 million from the same time the year before.
The results came on revenues of $257.5 million for the quarter that ended in October. Appliance sales rose 20 percent, televisions 37 percent and computer sales 78 percent.
“We achieved the highest quarterly revenue and net income in Conn’s history,” Theodore M. Wright, the Company’s Chairman and CEO, said as part of the announcement. “This sales trend continued into November with retail sales expanding 49 percent. November same store sales rose 32 percent.”