A furniture and home furnishings retailer, Conn’s Inc. (NASDAQ: CONN), reported growth in sales in the first quarter. The company’s performance surpassed analysts’ predictions on June 3, and shares soared more than 27 %.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
The shares of Conn’s Inc. (NASDAQ: CONN) closed Friday’s session at $29.00, down -5.14%. Stock volume remained at 0.98 million shares, double the average daily volume of 0.49 million shares during the past 50 days. Over the past 12 months, CONN shares have increased by 238,39%, and they have moved up by 21.09% over the past week. Stock prices have risen by 103.37% during the past three months and 143.08% during the past six months. Additionally, the company has a market capitalization of $897.55 million and 29.20 million outstanding shares.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
As a result, Conn’s LFL sales increased by 19 % YoY, pushing revenue up by 15 % to $363 million for the quarter. The President of the United States and the US Centers for Disease Control and Prevention offer new social distancing and mask wear guidelines. Thus, customers were more likely to visit stationery stores and spend money. Net income for Conn in the first quarter totalled $ 45.4 million, translating into $0.155 per share. The retailer suffered a loss of $ 54.6 million a year earlier, or $ 1.89 per share when the most stringent quarantine restrictions were in effect.
In the past quarters, Conn’s Inc has realized excellent profits since consumer demand changed during the COVID-19 pandemic favoring household goods. Since this situation is not likely to repeat itself in the near future, future comparisons of financial indicators may not be as impressive.
Currently, Conn’s Inc. (NASDAQ: CONN) operates over 100 retail stores across the United States in Arizona, Colorado, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. The stores offer furniture and mattresses, household appliances, electronics, and office equipment, and customers can also get home insurance, loan, and conclusion of repair contracts there.