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Conn's Inc provides business update post Hurricane Harvey and third quarter guidance

Monday, 23 Oct 2017

Oct 24 (Reuters) - Conn's Inc :Conn's Inc provides business update post Hurricane Harvey and third quarter guidance.Conn's Inc - ‍same store sales during Aug, Sept affected by approximately 100 lost selling days and reduced traffic associated with Hurricane Harvey​.Conn's Inc - ‍finance charges and other revenues for Q3 of fiscal year 2018 are expected to be between $80 million and $83 million​.Conn's Inc - ‍company expects same store sales for Q3 of fiscal year 2018 to be down 5.0 pct to 9.0 pct​.Conn's Inc - ‍for Q3 of fiscal year 2018 company anticipates retail gross margin to be between 39.0 pct and 39.5 pct​.Conn's Inc - ‍SG&A expenses for Q3 of fiscal year 2018 will include approximately $1.5 million of one-time hurricane related costs​.Conn's Inc - ‍provision for bad debts for Q3 of fiscal year 2018 is expected to be between $56.0 million and $61.0 million​.

Vita Group responds to Fairfax Media article

Tuesday, 4 Apr 2017

Vita Group Ltd - : Vtg response to Fairfax Media Article published 4 April 2017 . Is aware of article published in media titled: "Leak reveals Telstra's considering taking back high performing stores from licensees" . Article alleges that Telstra has identified a number of stores that it could 'take back control [of] by not renewing telstra dealership agreement (tda) with licensees' . Telstra and vita group have a relationship presently governed by a master license agreement .Terms of master license agreement are confidential and any significant changes to it are subject to mutual agreement.

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