Conn’s Inc. (CONN) – Selling Deep in the Heart of Texas and Louisiana
QualityStocks (June 11th, 2008) Writes:
Conn’s Inc. is a specialty retailer with headquarters in Beaumont, Texas. As part of the Electronic Stores business sector, they trade on NASDAQ. Their current market capitalization is $368.06M. The company has a rich history being in business for over 110 years.
Conn’s began in 1890 as a small plumbing company, selling products for the trade. They were a one-store organization until the 1960s when they branched out into a multi-store operation. By 1994, they were a $100M dollar company. Total revenues for the quarter ended April 30, 2008 alone were $218.6M.
The company’s product lines consist of consumer electronics, which are approximately 31 percent of their business. They also sell major home appliances, which account for 28 percent of their business. These electronics include plasma and LCD flat-panel televisions, DVD players, camcorders, and digital cameras.
Conn’s sells computers, video gaming, and other small electronics, which account for 12 percent of their revenues.
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