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From Home Furnishing Business

Conn's 2Q Profit up 65% on Furniture, Mattress Sales

Conn's Inc.'s (CONN) fiscal second-quarter profit rose 65% as furniture and mattress sales led strong revenue growth, helping to mask weakness in the credit segment.

The Texas-focused seller of consumer electronics, home appliances, and other products has been focusing on higher-margin items such as furniture and mattresses to improve its performance in recent quarters. In the latest period, furniture and mattress sales were up 59% amid stronger volume and improved average selling prices.

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Source: The Wall Street Journal

 







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