eCommerce sales increased to a quarterly record of $24.2 million.Total consolidated revenue declined 16.8% to $334.9 million, due to an 18.7% decline in total net sales, and a 7.7% reduction in finance charges and other revenues.Reported an adjusted net loss of $2.00 per diluted share, compared to an adjusted net income of $3.71 per diluted share last fiscal year.įourth Quarter Financial Highlights as Compared to the Prior Fiscal Year Period (Unless Otherwise Noted):.Reported a net loss of $2.46 per diluted share, compared to net income of $3.61 per diluted share for the same period last fiscal year and.
Carrying value of re-aged accounts declined to $160.9 million from $182.0 million.eCommerce sales increased 10.8% to an annual record of $79.0 million.Total consolidated revenue declined 15.6% to $1.3 billion, due to a 17.5% decline in total net sales, and a 6.6% reduction in finance charges and other revenues.Miller.įiscal Year 2023 Financial Highlights as Compared to the Prior Fiscal Year (Unless Otherwise Noted): Stronger, more focused and better positioned to create lasting value for our customers, employees, and shareholders,” concluded Mr. “While we believe the economic landscape will remain challenging throughout the coming fiscal year, we are confident that the strategies we are pursuing will enable us to emerge from this period Lease-to-own program will be a transformative opportunity for the Company that has the potential to significantly benefit revenue and earnings in the coming years,” continued Mr. In addition, we recently began originating our first in-house lease-to-own transactions and we expect to expand this program throughout fiscal year 2024.
“During the fourth quarter, we completed the final phase of our eCommerce platform conversion, which further enhances our digital capabilities and produced record fourth-quarter and full-yearĮCommerce sales.
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