Conn’s reports Q3 adjusted EPS ($2.03) vs. (78c) last year

Reports Q3 revenue $280.1M vs. $321.2M last year. Same store sales decreased 15.0%, which is the fourth quarter of sequential improvement and a 1,200 basis point improvement from last year’s third quarter; eCommerce sales increased 51.0% to $26.3 million compared to $17.4 million in the prior year; Retail gross margin increased to 33.5% from 33.2% in the prior year; Credit applications increased by 40.6% year-over-year to the highest growth rate in the past five years. “We remain focused on pursuing strategic priorities aimed at turning around our retail performance and better serving our core credit constrained customers. I am pleased with the progress we made during the third quarter as we experienced strong year-over-year growth in credit applications and eCommerce sales. Despite the progress we are making, our third-quarter performance continued to reflect persistent industry headwinds and challenging economic conditions,” stated Norm Miller, President and CEO.