Conn’s Inc.: Flood Of Cheap Big Screen TVs Forcing A Reset Of Expectations
Shares of CONN crashed by 30% on weaker than expected third quarter results with a deterioration in same-store sales. Article describes the dynamics in the quarter that pressured sales including an adjustment to underwriting in its financing segment and the impact of lower TV pricing. Company is resetting expectations lower for Q4 but remains …
News story posted on 2019-12-11T10:18:00.0000000Z
