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0.00437317784256576 0.0165597667638485 0.0466472303206998 0.0641399416909622 0.0655976676384842 0.0583090379008748 0.0495626822157435 0.0408163265306124
Stock impact report

Why Shares of Conn's Dropped Today [The Motley Fool]

Conn's, Inc. (CONN) 
Last conn's, inc. earnings: 4/14 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.conns.com
Company Research Source: The Motley Fool
The bottom line improved, but same-store sales fell off a cliff. Timothy Green ( TMFBargainBin ) Jun 6, 2017 at 3:58PM What happened Shares of consumer electronics and furniture retailer Conn's ( NASDAQ:CONN ) slumped on Tuesday after the company reported a mixed first quarter. While Conn's beat earnings expectations, a double-digit decline in same-store sales sent the stock down as much as 15.3% Tuesday morning. The stock had recovered some lost ground by 3 p.m. EDT, down 8.4%. So what Conn's reported first-quarter revenue of $355.8 million, down 8.6% year over year and about $3 million below the average analyst estimate. Same-store sales tumbled 15.2%, with double-digit declines in every product category. Furniture unit volume fell 24.1%, mattress unit volume fell 21.6%, and home-office unit volume fell 28.7%, with higher average selling pric Show less Read more
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