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Conn's, Inc. Reports Net Sales Results for the Quarter Ended April 30, 2009
Thursday, May 07, 2009 7:59 AM


(Source: Business Wire)trackingConn's, Inc. (NASDAQ/NM: CONN), a specialty retailer of home appliances, consumer electronics, computers, lawn and garden products, furniture and mattresses, today announced its net sales results for the quarter ended April 30, 2009.

Net sales for the quarter ended April 30, 2009, of $200.1 million, increased $5.1 million, or 2.6%, as compared with the quarter ended April 30, 2008. Net sales represent total product sales, service maintenance agreement commissions and service revenues. Same store sales (sales recorded in stores operated for the entirety of both periods) decreased 4.6% for the quarter ended April 30, 2009. Though same store sales were impacted by Circuit City's liquidation sale during the quarter, the Company believes it increased its consumer electronics and appliance market share. The expected market share gains are evidenced by the increase in total television unit sales of 34.5% and increase in total appliance sales, as compared to the same period in the prior year. Total revenues for the quarter, including revenues from finance charges and other, will be reported in the Company's earnings release and conference call scheduled for June 4, 2009.



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