Conn's rises after upbeat Q2 results

Conn's

30/08/2023 13:10

** Shares of computer and electronics retailer Conn's Inc
 CONN.O  rise 6.05% to $3.68 premarket
    ** Co posts a smaller Q2 loss of $1.39 per share, compared
with Refinitiv IBES estimate of $1.53 
    ** Retail gross margin increased to 36.9% from 34.6% a year
earlier, powered by pricing and assortment changes along with
profitable product mix and normalizing freight costs
     ** Co's e-commerce sales rose 41.5% to $27.2 million
    ** YTD, CONN down 49.56%

 (Reporting by Abhinav Parmar)
 ((Ahinav.Parmar@thomsonreuters.com))