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Conn's Inc. fiscal Q1 profit climbs 31.1% YOY


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Conn's Inc. fiscal Q1 profit climbs 31.1% YOY

Conn's Inc. said its normalized net income for the fiscal first quarter ended April 30 was 78 cents per share, compared with the S&P Capital IQ consensus estimate of 73 cents per share.

EPS rose 29.4% year over year from 60 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $28.8 million, a gain of 31.1% from $22.0 million in the prior-year period.

The normalized profit margin dropped to 8.6% from 8.7% in the year-earlier period.

Total revenue rose 33.6% year over year to $335.4 million from $251.1 million, and total operating expenses rose 34.0% from the prior-year period to $289.4 million from $215.9 million.

Reported net income grew 27.9% from the prior-year period to $28.4 million, or 77 cents per share, from $22.2 million, or 61 cents per share.