Conn's, Inc. Reports Results for the Quarter Ended January 31, 2012

Summary

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Conn's, Inc., Beaumont

Mike Poppe, (409) 832-1696 Ext. 3294

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Conn's, Inc. Reports Results for the Quarter Ended January 31, 2012

Chief Financial Officer

or

Investors:

S.M. Berger & Company

Andrew Berger, (216) 464-6400

Logo: http://www.conns.com

Conn's, Inc. (NASDAQ: CONN), a specialty retailer of consumer electronics, home appliances, furniture, mattresses, computers and lawn and garden products today announced its operating and financial results for the quarter ended January 31, 2012.

Significant items for the fourth quarter of fiscal 2012 include:

-- Adjusted diluted earnings per share of $0.34, excluding store closing costs and long-lived asset impairment charges, compared to an adjusted diluted loss per share of $0.00 for the same period in the prior fiscal year;

-- Total revenues increased 3.7% to $226.7 million, compared to the same period in the prior fiscal year;

-- Same store sales increased 12.1%;

-- Adjusted retail gross margin increased 460 basis points to 29.7%;

-- Retail segment adjusted operating income, excluding store closing costs and long-lived asset impairment charges, increased to $9.3 million, compared to $2.1 million for the same quarter in the prior fiscal year;

-- Credit segment operating income increased to $12.2 million, compared to $6.7 million for the same quarter in the prior fiscal year; and

-- The Company increased earnings guidance...

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