공시 • May 28
Third Motion for Exclusivity Period Extension Approved For Conn's, Inc. The US Bankruptcy Court granted an order for the extension of the exclusivity periods for Conn's, Inc. on May 27, 2025. As per the order, the debtor’s exclusivity period to file its plan and to solicit votes on its plan, have been extended by 45 days i.e. up to June 18, 2025, and August 19, 2025., respectively. 공시 • Mar 11
Motion for Exclusivity Period Extension Approved For Conn's, Inc. The US Bankruptcy Court granted an order for the extension of the exclusivity periods for Conn's, Inc. On March 09,2025. As per the order, the debtor’s exclusivity period to file its plan and to solicit votes on its plan, have been extended by 75 days i.e. up to May 4, 2025, and, July 5, 2025, respectively. 공시 • Sep 06
The Nasdaq Stock Market to Delist Common Stock of Conn's The Nasdaq Stock Market announced that it will delist the common stock of Conn's, Inc. The company's securities were suspended on August 6, 2024, and have not traded on Nasdaq since that time. 공시 • Aug 07
Conn's, Inc.(OTCPK:CONN.Q) dropped from NASDAQ Composite Index Conn's, Inc removed 공시 • Aug 02
Nasdaq Determines to Commence Proceedings to Delist the Conn's Securities from Trading On July 26, 2024, Conn's, Inc. (the Company") was notified by the staff of The Nasdaq Stock Market (Nasdaq") that it had determined to commence proceedings to delist the Company's securities from trading on Nasdaq. As a result of this determination, trading in the Company's common stock will be suspended at the opening of business on August 6, 2024, and a Form 25-NSE will be filed by Nasdaq with the Securities and Exchange Commission (the SEC"), which will remove the Company's securities from listing and registration on Nasdaq. Nasdaq reached its decision that the Company is no longer suitable for listing pursuant to Listing Rules 5101, 5110(b), and 5101-1, after the Company's disclosure on July 25, 2024, that the Company, together with certain of its subsidiaries, had filed for protection under chapter 11 of title 11 of the United States Code (the Chapter 11 Cases") in the United States Bankruptcy Court for the Southern District of Texas (the Bankruptcy Court"). Taking into account the Company's desire to reduce operating expenses and maximize the value of its estates, the Company does not intend to appeal Nasdaq's determination. The Company expects that the trading of its common stock will transition to the OTC Bulletin Board or pink sheets" market shortly. The transition to over-the-counter markets will not affect the Company's operations or business and does not change its reporting requirements under SEC rules. 공시 • Jul 24
Conn's, Inc. Filed for Bankruptcy Conn's, Inc., along with its 10 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on July 23, 2024. The debtor listed both its assets and liabilities in the range of $1 billion to $10 billion. The debtor is represented by Duston K McFaul of SIdley Austin LLP as its legal counsel. The debtor also hired BRG Capital Advisors LLC as its financial advisor, Houlihan Lokey, Inc. as its investment banker and Epiq Corporate Restructuring LLC as its noticing and claims agent. 공시 • Jun 27
Conn’s Announces Receipt of Delinquency Notification Letter from Nasdaq Conn's, Inc. announced that on June 20, 2024, it received a delinquency notification letter from the Nasdaq Stock Market LLC, indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) because of the Company’s delay in filing its Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2024 by the applicable due date required by the U.S. Securities and Exchange Commission. The Notice has no immediate effect on the listing or trading of the Company's common stock on The Nasdaq Global Select Market. The Notice states that the Company has 60 days, or until August 19, 2024, to submit to Nasdaq a plan to regain compliance with the Rule. If Nasdaq accepts the Company's plan to regain compliance, then Nasdaq may grant the Company up to 180 calendar days from the prescribed due date of the Form 10-Q, or until December 16, 2024, to file the Form 10-Q to regain compliance; however, there can be no assurance that these events will occur. 공시 • Jun 13
Conn's, Inc. announced delayed 10-Q filing On 06/11/2024, Conn's, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Apr 20
Conn's, Inc., Annual General Meeting, May 30, 2024 Conn's, Inc., Annual General Meeting, May 30, 2024, at 12:00 Central Daylight. Location: 2445 Technology Forest Blvd, Building 4, Suite 800 The Woodlands Texas United States Agenda: o elect the nine directors nominated by our Board of Directors and named in this proxy statement; to ratify the Audit Committee’s appointment of Ernst & Young LLP as company independent registered public accounting firm for the fiscal year ending January 31, 2025; to hold a non-binding advisory vote to approve the compensation of our named executive officers; and to transact such other business as may properly come before the meeting. 공시 • Apr 17
Conn's, Inc. announced delayed annual 10-K filing On 04/16/2024, Conn's, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Reported Earnings • Apr 12
Full year 2024 earnings released: US$3.17 loss per share (vs US$2.46 loss in FY 2023) Full year 2024 results: US$3.17 loss per share (further deteriorated from US$2.46 loss in FY 2023). Revenue: US$1.24b (down 7.8% from FY 2023). Net loss: US$76.9m (loss widened 30% from FY 2023). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. 공시 • Mar 27
Conn's, Inc. to Report Q4, 2024 Results on Apr 11, 2024 Conn's, Inc. announced that they will report Q4, 2024 results Pre-Market on Apr 11, 2024 공시 • Dec 20
Conn's, Inc. (NasdaqGS:CONN) acquired W.S. Badcock Corporation from Franchise Group Newco BHF, LLC. Conn's, Inc. (NasdaqGS:CONN) acquired W.S. Badcock Corporation from Franchise Group Newco BHF, LLC on December 18, 2023. The transaction was consummated as an all-stock deal with Conn’s issuing 1,000,000 of its non-voting senior preferred shares convertible into approximately 24,500,000 shares of a to-be issued class of Non-Voting Common Stock, subject to shareholder vote, representing 49.99% of Conn’s outstanding common stock after giving effect to the stock issuance and assuming the conversion of such preferred shares into non-voting common stock. W.S. Badcock Corporation will operate as a wholly owned subsidiary of Conn's, Inc. Norman L. Miller has been named President and Chief Executive Officer of Conn’s, Inc. Mitchell Stiles, President and Chief operating Officer of Badcock, will lead Badcock and report to Conn’s Chief Executive Officer, Norm Miller. The transaction was unanimously approved by the Board of Directors of both Conn’s and Franchise Group. The creation and issuance of the non-voting common shares is subject to approval of Conn’s shareholders in accordance with NASDAQ listing rules and Conn’s charter. Stephens Inc. and Deutsche Bank Securities Inc. served as financial advisors and Sidley Austin LLP served as legal counsel to Conn’s. JP Morgan Securities LLC served as financial advisor and Willkie Farr & Gallagher LLP served as legal counsel to Franchise Group and W.S. Badcock LLC.
Conn's, Inc. (NasdaqGS:CONN) completed the acquisition of W.S. Badcock Corporation from Franchise Group Newco BHF, LLC on December 18, 2023. 공시 • Dec 13
Conn's, Inc. announced delayed 10-Q filing On 12/12/2023, Conn's, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • Aug 31
Second quarter 2024 earnings released: US$1.39 loss per share (vs US$0.089 profit in 2Q 2023) Second quarter 2024 results: US$1.39 loss per share (down from US$0.089 profit in 2Q 2023). Revenue: US$306.9m (down 12% from 2Q 2023). Net loss: US$33.5m (down US$35.6m from profit in 2Q 2023). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 27 percentage points per year, which is a significant difference in performance. 공시 • Aug 24
Conn's, Inc. to Report Q2, 2024 Results on Aug 30, 2023 Conn's, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 30, 2023 New Risk • Aug 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €90.6m (US$98.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.5% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (€90.6m market cap, or US$98.4m). New Risk • Aug 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.5% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding). 공시 • Jun 08
Conn's, Inc. Announces Executive Changes On June 7, 2023, Conn’s, Inc. announced the appointment of Ms. Ann B. Gugino to its Board of Directors, effective as of June 6, 2023. Ms. Gugino is expected to stand for re-election at the annual stockholder meeting in May 2024. The Board determined that Ms. Gugino qualifies as independent under the rules of The NASDAQ Stock Market. There are no related party transactions between the Company and Ms. Gugino that would require disclosure under Item 404(a) of Regulation S-K. There are no arrangements, agreements or understandings between the Company and Ms. Gugino pursuant to which Ms. Gugino was selected as a director. Ms. Gugino served as Chief Financial Officer of Papa John’s International, Inc., which operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants, from October 2020 through March 2023. Ms. Gugino joined Papa John’s from Target Corporation where she served as Senior Vice President, Financial Planning and Analysis, from 2018 through October 2020, providing overall strategy, guidance, and direction in the development and execution of Target’s planning, analysis and capital investment portfolios. Prior to Target, Ms. Gugino spent 18 years at Patterson Companies Inc., including four years as Executive Vice President and Chief Financial Officer. Ms. Gugino has a Master’s Degree in Business Administration from Northwestern University – Kellogg School of Management and a Bachelor of Arts in Accounting from the University of Wisconsin and was a certified public accountant. Reported Earnings • Jun 02
First quarter 2024 earnings released: US$1.47 loss per share (vs US$0.25 profit in 1Q 2023) First quarter 2024 results: US$1.47 loss per share (down from US$0.25 profit in 1Q 2023). Revenue: US$284.6m (down 16% from 1Q 2023). Net loss: US$35.4m (down US$41.6m from profit in 1Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. 공시 • May 26
Conn's, Inc. to Report Q1, 2024 Results on Jun 01, 2023 Conn's, Inc. announced that they will report Q1, 2024 results Pre-Market on Jun 01, 2023 Board Change • Apr 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Director Karen Hartje was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
Full year 2023 earnings released: US$2.46 loss per share (vs US$3.70 profit in FY 2022) Full year 2023 results: US$2.46 loss per share (down from US$3.70 profit in FY 2022). Revenue: US$1.34b (down 16% from FY 2022). Net loss: US$59.3m (down 155% from profit in FY 2022). Like-for-like sales growth: Down 20.5% vs FY 2022 Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Jan 11
Franchise Group Reportedly Could Go Private or May Bid to Buy Conn's Franchise Group, Inc. (NasdaqGM:FRG) is considering going private in a so-called management buyout, people familiar with the matter said. The company’s management, led by Chief Executive Officer Brian Kahn, could pay a price of between $30 and $35 a share, the people said. The firm is separately eyeing a potential deal to acquire furniture chain Conn's, Inc. (NasdaqGS:CONN), the people said. Conn’s had a market cap of roughly $215 million January 10, 2023 afternoon. It is possible neither transaction will come to pass, or that both will, the people said. Reported Earnings • Dec 07
Third quarter 2023 earnings released: US$1.04 loss per share (vs US$0.62 profit in 3Q 2022) Third quarter 2023 results: US$1.04 loss per share (down from US$0.62 profit in 3Q 2022). Revenue: US$321.2m (down 21% from 3Q 2022). Net loss: US$24.8m (down 236% from profit in 3Q 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. 공시 • Nov 30
Conn's, Inc. to Report Q3, 2023 Results on Dec 06, 2022 Conn's, Inc. announced that they will report Q3, 2023 results Pre-Market on Dec 06, 2022 공시 • Nov 23
Conn's, Inc. Announces Executive Changes On November 18, 2022, Ryan R. Nelson, Vice President and Chief Accounting Officer of Conn's, Inc. announced his resignation from the Company, effective December 14, 2022. Assumption of Chief Accounting Officer Duties. George L. Bchara, 39, the Company's Executive Vice President and Chief Financial Officer since May, 2019 and the Company's former Chief Accounting Officer from December, 2016 to May, 2019, will assume the duties of the Chief Accounting Officer role effective December 14, 2022 until a replacement is appointed. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Sue Gove was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 21% share price gain to €9.30, the stock trades at a trailing P/E ratio of 6.5x. Average forward P/E is 11x in the Specialty Retail industry in Germany. Total loss to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €6.85, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total loss to shareholders of 70% over the past three years. Board Change • Oct 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Sue Gove was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Sep 08
Conn's Homeplus Announces New Layaway Offering Conn's HomePlus announced a new layaway program, its latest addition to a wide array of payment options designed to meet every customer's needs. Customers can now enjoy the benefits of layaway alongside key differentiators like national brand products, white glove, next- day delivery and in-house repair services. The layaway program is a component of Conn's commitment to unlocking greater product accessibility and payment options for all, especially during a time of economic volatility. Industry research by Salesforce found over 40% of consumers plan to start their holiday shopping earlier due to decades high inflationary trends. Conn's customers will now be able to shop for the holiday season early while enjoying the program's measured approach to payment. Available in all Conn's store locations, the layaway option allows Conn's HomePlus customers to purchase appliances, furniture, mattresses and eligible electronics by making a deposit and then making biweekly payments over a 12-week period, with no additional fees or charges. No credit history is required to be eligible. The layaway offering empowers all customers to love an item and get it when they're ready. Layaway is the latest addition to Conn's expansive portfolio of payment options, including lease-to-own, private label credit cards, in-house financing and more. Together, these programs provide a customized payment process and shopping experience that can meet every customer's needs. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €9.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Specialty Retail industry in Europe. Total loss to shareholders of 59% over the past three years. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: US$0.089 (vs US$1.26 in 2Q 2022) Second quarter 2023 results: EPS: US$0.089 (down from US$1.26 in 2Q 2022). Revenue: US$346.6m (down 17% from 2Q 2022). Net income: US$2.13m (down 94% from 2Q 2022). Profit margin: 0.6% (down from 8.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 1.0% compared to a 11% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. 공시 • Aug 24
Conn's, Inc. to Report Q2, 2023 Results on Aug 30, 2022 Conn's, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 30, 2022 Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €8.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.70 per share. Recent Insider Transactions • Jul 23
Insider recently sold €139k worth of stock On the 20th of July, Brian Daly sold around 15k shares on-market at roughly €9.25 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €7.55, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Specialty Retail industry in Europe. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.98 per share. Buying Opportunity • Jun 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 57%. The fair value is estimated to be €9.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 8.7% in 2 years. Earnings is forecast to decline by 27% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €9.75, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.97 per share. Reported Earnings • Jun 02
First quarter 2023 earnings released: EPS: US$0.25 (vs US$1.55 in 1Q 2022) First quarter 2023 results: EPS: US$0.25 (down from US$1.55 in 1Q 2022). Revenue: US$339.8m (down 6.6% from 1Q 2022). Net income: US$6.22m (down 86% from 1Q 2022). Profit margin: 1.8% (down from 13% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is expected to shrink by 2.5% compared to a 9.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. 공시 • May 26
Conn's, Inc. to Report Q1, 2023 Results on Jun 01, 2022 Conn's, Inc. announced that they will report Q1, 2023 results Pre-Market on Jun 01, 2022 Valuation Update With 7 Day Price Move • May 25
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €11.30, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Specialty Retail industry in Europe. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.54 per share. 공시 • Apr 14
Conn's, Inc., Annual General Meeting, May 25, 2022 Conn's, Inc., Annual General Meeting, May 25, 2022, at 12:00 Central Daylight. Location: 2445 Technology Forest Blvd Building 4, Suite 800 Texas City United States Agenda: To elect the nine directors nominated by our Board of Directors and named in this proxy statement; to ratify the Audit Committee's appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending January 31, 2023; to hold a non-binding advisory vote to approve the compensation of our named executive officers; and to transact such other business as may properly come before the meeting. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorated over the past week After last week's 24% share price decline to €13.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total loss to shareholders of 39% over the past three years. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: US$3.70 (vs US$0.11 loss in FY 2021) Full year 2022 results: EPS: US$3.70 (up from US$0.11 loss in FY 2021). Revenue: US$1.59b (up 15% from FY 2021). Net income: US$108.2m (up US$111.3m from FY 2021). Profit margin: 6.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Like-for-like sales growth: 15.3% vs FY 2021 Over the next year, revenue is forecast to grow 3.1%, compared to a 17% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorated over the past week After last week's 22% share price decline to €15.70, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.19 per share. Buying Opportunity • Feb 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.3%. The fair value is estimated to be US$25.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company has become profitable over the last year. 공시 • Dec 16
Conn's, Inc. (NasdaqGS:CONN) announces an Equity Buyback for $150 million worth of its shares. Conn's, Inc. (NasdaqGS:CONN) announces a share repurchase program. Under the program, the company will repurchase up to $150 million of its shares. The repurchases will be funded from available corporate funds, including cash on hand and future cash flow, as well as from drawing on its revolving credit facility. The program will expire on December 14, 2022. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €16.60, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Specialty Retail industry in Europe. Total loss to shareholders of 5.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €24.86 per share. Reported Earnings • Dec 08
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: US$0.62 (up from US$0.26 in 3Q 2021). Revenue: US$405.5m (up 21% from 3Q 2021). Net income: US$18.2m (up 146% from 3Q 2021). Profit margin: 4.5% (up from 2.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 9.1%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Sep 09
Executive Chairman recently sold €318k worth of stock On the 7th of September, Norman Miller sold around 15k shares on-market at roughly €21.12 per share. In the last 3 months, there was an even bigger sale from another insider worth €419k. This was Norman's only on-market trade for the last 12 months. Reported Earnings • Sep 03
Second quarter 2022 earnings released: EPS US$1.26 (vs US$0.71 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: US$412.0m (up 13% from 2Q 2021). Net income: US$37.0m (up 80% from 2Q 2021). Profit margin: 9.0% (up from 5.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$18.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Specialty Retail industry in Europe. Total loss to shareholders of 42% over the past three years. Recent Insider Transactions • Jul 15
Insider recently sold €104k worth of stock On the 9th of July, Wilton Stephens sold around 5k shares on-market at roughly €21.56 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.6m. Insiders have been net sellers, collectively disposing of €7.0m more than they bought in the last 12 months. Recent Insider Transactions • Jun 10
Insider recently sold €1.6m worth of stock On the 8th of June, Harriet Stephens sold around 66k shares on-market at roughly €24.05 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.8m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improved over the past week After last week's 23% share price gain to US$24.00, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Specialty Retail industry in Europe. Total loss to shareholders of 21% over the past three years. Reported Earnings • Jun 05
First quarter 2022 earnings released: EPS US$1.55 (vs US$1.95 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: US$363.7m (up 15% from 1Q 2021). Net income: US$45.4m (up US$101.6m from 1Q 2021). Profit margin: 13% (up from net loss in 1Q 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Apr 08
Insider recently sold €354k worth of stock On the 1st of April, Curtis Bradbury sold around 20k shares on-market at roughly €17.70 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €464k more than they bought in the last 12 months. Reported Earnings • Apr 01
Full year 2021 earnings released: US$0.11 loss per share (vs US$1.85 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: US$1.39b (down 10% from FY 2020). Net loss: US$3.14m (down 106% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 12
New 90-day high: €13.70 The company is up 47% from its price of €9.35 on 11 December 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €326 per share. 공시 • Jan 24
Conn's, Inc. Announces Executive Changes On January 19, 2021, Conn’s, Inc. announced the departure of Lee Wright, Chief Operating Officer and Executive Vice President, effective February 19, 2021. Norm Miller, the Company’s Chief Executive Officer, will assume the duties of the COO role and the COO position will be eliminated.