Daily News
From Home Furnishing Business
Conn’s 4Q Sales Climb
February 5,
2015 by in Financial Reports, Furniture Retailing, Industry 
Home furnishings retailer Conn’s (NASDAQ: CONN) posted net sales of $350.5 million for the three-month period ended Jan. 31.
That represents a 16.2 percent increase from the same period last year.
Same store sales increased 1.3 percent of the quarter, and the retailer’s greater than 60-day delinquency rates for the month of January was flat compared with December.
"We have not experienced any noticeable declines in sales as a result of lower oil prices; in fact, we have seen above average same store sales performance in the Houston market, for example,” said Theodore Wright, chairman and CEO. “For the month of January, the impact of supply chain issues caused by the port labor disruption has been limited and largely isolated to imported furniture."
The complete sales report is available online.