Conn's swings to profit in Q4, on track to open 5-7 stores this year

Beaumont, Texas -- Conn’s Inc. reported Tuesday that it earned $7.7 million in the quarter ended Jan. 31, compared with a loss of $3.6 million in the year-ago period.



Revenue increased 3.7% to $226.7 million, beating Wall Street’s expected $221.4 million. Same-store sales surged 12.1%.



The company said it is on track with its store opening plans, which calls for five to seven stores in new markets this year.