Conn's Q2 Sales Increase 16%
By Alan Wolf -- TWICE, 8/23/2004
BEAUMONT, TEXAS — Strong across-the-board sales at Conn's lifted the chain's second fiscal-quarter revenue 15.7 percent to $118.9 million, while same store sales rose 7.2 percent for the three months ended July 31.
“We continue to enjoy a nice blend of increases in our primary business and the specialty categories that we have elected to emphasize in our sales promotion programs,” said chairman/CEO Tom Frank. Specifically, CE sales were up 16.2 percent for the period; majap revenue, including room air, rose 8.5 percent; small, fast-turn appliances and electronics increased 16.2 percent; lawn and garden grew 41 percent; and bedding gained 94.5 percent.
Total sales for the six months, ended July 31, grew 13.3 percent to $237.4 million while same store sales rose 5.3 percent.
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