secwatch.observer — SEC 8-K summary
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Issuer:     CONNS INC (—)
CIK:        0001223389
Form:       8-K
Filed at:   2024-04-11T23:59:59+00:00
Accession:  0001223389-24-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1223389/000122338924000017/0001223389-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1223389/000122338924000017/conn-20240411.htm
  HTML page:      https://secwatch.observer/filing/0001223389-24-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer