Daily News
From Home Furnishing Business
Conn’s 4Q Income Drops
March 31,
2015 by in Financial Reports, Industry 
Retailer Conn’s Inc. (NASDAQ: CONN) posted net income of $15.5 million for the fourth quarter ended Jan. 31 compared to $27.7 million for the prior year fourth quarter.
Net sales for the period climbed 18.2 percent to $426.7 million.
Net income for the year dropped 37.4 percent to $58.5 million. Last year’s net income was $93.4 million. Net sales for the year totaled $1.5 billion, compared to $1.2 billion in 2013.
The home furnishings, appliance and electronics retailer said its credit business posted an operating loss of $11.2 million in the fourth quarter and an operating loss of $33.5 million for the year.
The complete earnings release is available online.