Conn’s outpaced earnings estimates for its fiscal fourth quarter. The home goods retailer's revenue, however, failed to match up to expectations.
The company’s SEC filing revealed that it raked in quarterly adjusted earnings of 96 cents a share, which surpassed analysts’ estimates of 76 cents. But revenue of $433 million fell short of analysts' expectations of $438 million.
For its fiscal first quarter 2020, the company predicts that its same-store sales would decline in the range of -1% and -5%. It expects its retail gross margin to range between 39.5% and 40.0% of total net retail sales for the quarter.