Home goods retailer Conn's slumps on bigger-than-expected Q4 loss

Conn's

29/03/2023 13:14

** Shares of furniture and home goods retailer Conn's Inc
 CONN.O  down 22.7% at $4.18 premarket
    ** Company reports bigger-than-expected Q4 loss on higher
distribution and freight costs
    ** Posts Q4 adjusted loss of $1.55 per share vs est of a
loss of $0.88/shr - Refinitiv data
    ** Reports Q4 retail gross margin of 33.7% vs 35.8% a year
earlier
    ** CONN Q4 revenue estimates on strong e-commerce sales
    ** As of Tuesday's close, company's shares down 73.5% in
past 12 months

 (Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com))