Conn’s, Inc. Reports Fourth Quarter Fiscal Year 2020 Financial Results And Provides Business Update Related to COVID-19
Conn's, Inc. (CONN)
Last conn's, inc. earnings: 4/14 06:00 am
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US:NASDAQ Investor Relations:
ir.conns.com
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Source: GlobeNewswire
THE WOODLANDS, Texas, April 14, 2020 (GLOBE NEWSWIRE) -- Conn’s, Inc. (NASDAQ: CONN) (“Conn’s” or the “Company”), a specialty retailer of furniture and mattresses, home appliances, consumer electronics and home office products, and provider of consumer credit, today announced its financial results for the quarter ended January 31, 2020 and provided an update on the business related to the impact of the COVID-19 pandemic. “We are disappointed with our fourth quarter credit and retail results,” stated Norm Miller, Conn’s Chairman and Chief Executive Officer. “As expected, difficult market conditions within the premium TV and gaming sectors persisted during the fourth quarter and we continued to see the impact of underwriting adjustments we made in the third quarter. We also experienced declining credit performance associated with higher risk vintages, an increase in new customers and difficulties in collections efforts related to implementation of the Company’s new loan management s
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