Furniture Retailer Conn's Q1 Profit Beats Street

May 24, 2011  by in UnCategorized   

By Aggregated Content in Financial Reports on May 25, 2011 from http://c.moreover.com/click/here.pl?z4667703865&z=1250249032

Electronics and home appliances retailer Conn's Inc posted a first-quarter profit that beat market estimates, as people bought more home products like furniture and mattresses.

Conn's said it expects second quarter same store sales to decline to mid- to high-single digits as rising gas and food prices may affect more customers. In the quarter ended April 30, net income for the company, which provides shoppers flexible credit options to buy its products, was $4 million.

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