Why Conn's Shares Are Sliding Today
Portfolio Pulse from Nabaparna Bhattacharya
Conn's, Inc. reported a Q1 FY24 sales decline of 16.3% YoY to $284.57 million, missing the consensus of $306.06 million. Same-store sales decreased by 20.1%, while eCommerce sales increased 24.6%. Adjusted EPS loss of $(1.52) missed the consensus of $(1.33).
June 01, 2023 | 12:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Conn's Q1 FY24 sales and adjusted EPS missed consensus, with a 16.3% YoY sales decline and a $(1.52) adjusted EPS loss.
Conn's reported a sales decline of 16.3% YoY and an adjusted EPS loss of $(1.52), both missing consensus estimates. This indicates a weaker financial performance than expected, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100