Conn's Inc. Q2 Profit Rises - Quick Facts

(RTTNews) - Conn's Inc. (CONN), a specialty retailer of home appliances, furniture, mattresses, consumer electronics and provider of consumer credit, reported that its second-quarter net income rose to $19.16 million or $0.52 per share, from $11.61 million or $0.35 per share, last year.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.60 for the quarter. Analysts' estimates typically exclude special items.

Total revenues were $270.69 million, compared to $207.44 million a year ago. Sales in all product categories increased driven by the 18.4% increase in same store sales and new store openings. Analysts expected revenue of $259.74 million for the quarter.

August net sales increased 51% over the prior-year period. Same store sales in August rose 31%.

The company reaffirmed its earnings per share guidance range for the fiscal year ending January 31, 2014 of, $2.50 to $2.65, on an adjusted basis. Same stores sales are expected to increase 15% to 20% for the fiscal year. Analysts expect the company to report fiscal year profit per share of $2.66.