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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.

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