Conn’s, Inc. (NASDAQ:CONN) Q4 2023 Earnings Call Transcript

Vincent Caintic : Okay. That’s very helpful. Thank you. And my last question just on the financing, the funding and the liquidity side of the business. Over the past month, there’s been some concerns just broadly with financial institutions and some of these banks having issues. So just wondering if that’s affecting Conn’s at all? And if — how we should think about funding or liquidity needs through this year? Thank you.

George Bchara : Yeah, Vincent, this is George. Not really. We don’t really keep large deposit balances in any of our banks, so that’s not a concern. We’ve got a strong base of a banking group in our ABL facility. The only real impact that we’ve seen over the last few weeks is that spreads in the ABS market have widened a bit, but it has not changed the fact that the market is still open and we could do a transaction if we needed to. I mean our plan is that we will do at least one transaction sometime later this year from an ABS standpoint, and that — those somewhat wider spreads are reflected in our interest expense outlook that Norm shared in his prepared remarks.

Vincent Caintic : Okay. That’s very helpful. Thanks so much.

Operator: That’s all the time we have for questions. I’d like to turn the call back to Mr. Miller for closing remarks.

Norm Miller : Thank you. First of all, we appreciate all of our associates across the enterprise and their hard work and dedication each and every day and also appreciate your interest. From a shareholder standpoint, we look forward to sharing our first quarter results here in the next couple of months. Have a great day.

Operator: Ladies and gentlemen, this does conclude today’s teleconference. Thank you for your participation. You may disconnect your lines at this time. And have a wonderful day.