Conn's Q1 Profit Declines - Quick Facts

(RTTNews) - Conn's, Inc. (CONN), a specialty retailer of durable consumer goods and related services in the United States, reported first-quarter net income of $15.7 million or $0.43 per share, compared to $28.5 million or $0.77 per share, a year ago.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.41 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased 8.8% to $365.08 million from $335.45 million in the comparable quarter last year, while six analysts expected revenue of $368.53 million for the quarter. Same store sales decreased 4.3%.

For fiscal year 2016, the company expects change in same stores sales to range from flat to up low single digits.