Conn's Q4 adjusted loss $1.25/share; revenue up 9.3% on Badcock acquisition

CONNS INC

Total Q4 revenue $366.1M (+9.3% YoY); includes $68.4M from Badcock since Dec 18 close.
Q4 GAAP net income $43.3M ($1.75 diluted) included $104.9M bargain purchase gain; adjusted net loss $31.0M ($1.25 diluted loss).
Full year fiscal 2024 revenue $1.2B (-7.8% YoY); adjusted net loss $6.22 per diluted share.
Same-store sales fell 14.4% in Q4; retail segment adjusted operating loss $21.8M.
Management targets $50M+ cost synergies and $50M+ revenue synergies over next 18 months.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CONNS INC reported financial results for the quarter and year ended January 31, 2024.

Period: the quarter and year ended January 31, 2024
Result: reported results

Exact text from the filing

On April 11, 2024, Conn’s, Inc. issued a press release reporting its fourth quarter and full year fiscal 2024 financial results.

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Source: SEC EDGAR

accession 0001223389-24-000017

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