Conn’s Returns to Profit
Conn’s this week posted a third quarter profit of $11.8 million, compared with a $12.7 million loss the same time last year.
The Texas-based retailer reported a 12.6 percent increase in same-store sales over the prior quarter.
“Our Conn’s HomePlus store in Albuquerque has performed well since opening in November. This week we will open three additional stores,” Theodore M. Wright, Chairman and CEO, said in a statement. “We continue to see sales growth in our existing store base. November same store sales rose 6% on top of same store growth of 10% last year.”