Conn's Inc. Reports Net Loss of $33.5 Million for Q2 2023

Conn's Inc.(CONN), a leading speci alty retailer and provider of consumer credit, has released its unaudited financial results for the second quarter of 2023, ending on July 31. The company reported a net loss of $33.5 million for the quarter, a significant decline compared to a net income of $2.1 million during the same period in the previous year. The financial statement also revealed a decrease in total revenues, which amounted to $306.9 million, down from $346.6 million in Q2 2022.

Challenging Revenue Landscape

The company's total net sales for the quarter amounted to $243.6 million, showing a decline from $279.5 million in the second quarter of 2022. Additionally, finance charges and other revenues reached $63.3 million, down from $67.1 million during the same period last year. These figures contributed to a total revenue of $306.9 million, reflecting a challenging market landscape that impacted Conn's Inc.'s financial performance.

Operating Performance and Expenses