With the ongoing review of strategic alternatives and the oversight initiatives being undertaken by the Company, the Company has decided to withdraw its earnings guidance for fiscal 2015 and is not currently providing earnings guidance with respect to fiscal 2016.
The following are the Companys expectations for its business for the fourth quarter:
• Same stores sales flat to up 3%;
• Retail gross margin between 39.0% and 40.0%;
• Opening of 2 new stores during the quarter; and
• Closure of 1 store during the quarter.
The balance of customer receivables accounted for as troubled debt restructurings increased to $73.4 million, or 5.9% of the total portfolio balance, driving $4.1 million of the increase in provision for bad debts
December 9, 2014 7:03 AM EST Send to a Friend
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Price: $35.09 --0%
Revenue Growth %: +19.0%
Basic (in dollars per share): 0.49
Today's EPS Names:
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Conn's (NASDAQ: CONN) reported Q3 EPS of ($0.08), which may not compare with the analyst estimate of $0.68. Revenue for the quarter came in at $370.1 million versus the consensus estimate of $376.8 million.
Same store sales declined 1.0%, influenced by tighter credit underwriting standards and the lapping of marketing strategy changes that drove a 35.1% increase a year ago;
Conn’s today announced the departure of Brian Taylor, the Company’s Chief Financial Officer. Effective immediately
BS!!! Isn't it about time for u to start deleing your postings like you did on JKS? What a loser!
Just how much more pain do u plan on enduring? When will u finally sell your worthless shares? $11? $10 $7? Or will u be like ivodirect go down with the ship? Keep buying those dips boys!
Question? How did your JKS investment work out? LOl,,, What else are u long on, would love top short it!
Yep. and lets' listen to a bag holder who bough in at $30. Yell baby, u the man! LOl... See u at $7
Keep buying those dips, you dip! LOl... See u at $7
7 year low. Keep buying those dips, dip! LOl... See u at $7 bag holder, then BK in 1 year.
Even with the additional $2 billion a year in savings, if the company cannot contract out these newbuilds, at an attractive rate, then it will be left out in the cold. With demand for rigs falling and so much debt heading towards Seadrill's books, if the company can't reduce its liabilities, there could be trouble.
The issue here is debt. Seadrill is facing a cliff of refinancing liabilities and a lack of customers for newbuilds, which also need to be funded. There's a huge gap here.