Conn's Profit Rises
Conn's this week said it has posted a first-quarter profit of $11.6 million, up from $4.4 million the same time the year before.
The company attributed its strength to higher selling prices, among other factors.
“Our current quarter results demonstrate the value we deliver to our customers with a broad range of high-quality products and a better shopping experience,” Theodore M. Wright, Chairman and CEO, said in a statement. “We have seen a significant benefit from recently remodeled stores, as sales growth at those stores outpaced the double digit growth seen overall.”