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CreditRiskMonitor reported revenues of $18.9 million, an increase of approximately $953 thousand or 5%, for the year ended December 31, 2023, as compared to 2022.
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CreditRiskMonitor reported operating revenues of $4.8 million, an increase of approximately $218 thousand or 5%, for the first quarter of fiscal 2024 compared to the same period of fiscal 2023.
Conn’s suffered from persistent declines in same store sales, caused by “lower discretionary spending for home-related products.” The acquisition of W.S. Badcock, LLC also contributed to higher financial leverage and ultimately an untenable balance sheet.