|Month Ended||Three Months Ended|
|October 31, 2015||October 31, 2015|
|Same store sales % change (as compared to the same prior-year period):|
|Furniture and mattress||9.7||%||11.6||%|
|Repair service agreement commissions||0.9||3.2|
|Total net sales||(2.0||)%||—||%|
|As of October 31, 2015|
|60-plus day delinquency rate||10.2||%|
"Same store sales for the month decreased 2.0% against a decrease of 4.4% in October last year, and were flat for the third quarter of fiscal 2016. We experienced a general softening across all markets during October 2015 and continue to be impacted by our decision to exit video game products, digital cameras, and certain tablets. Excluding the impact from these products, same store sales for the month increased 1.7% and for the quarter increased 3.8%. We also saw softening sales performance in October 2015 in our markets with greater oil industry concentration. The impact on same store sales was 60 basis points when compared to September 2015 and 30 basis points when compared to the second quarter of fiscal 2016.""For the month of October, excluding the impact from video game products and digital cameras, same store sales for consumer electronics decreased by 2.9%. Same store sales in the television category decreased 3.5% due to lower same store unit sales, partially offset by higher average selling prices as a result of an increase in the proportion of television sales from Ultra HD televisions. Same store unit sales increased in the furniture and mattress category, partially offset by lower average selling prices. Same store unit sales decreased in the home appliance category with flat average selling prices. Excluding the impact from tablets, same store sales for home office increased 2.0% due to higher same store unit sales, partially offset by lower average selling prices." All of the above amounts are preliminary estimates and are subject to change upon completion of the Company's financial statement closing process. The Company has provided monthly same store sales, portfolio balance and 60-plus day delinquency rate data for all monthly periods since and including February 2012 on its investor relations website at ir.conns.com. Conn's expects to release November sales and delinquency data on December 8, 2015.
About Conn's, Inc.Conn's is a specialty retailer currently operating approximately 100 retail locations in Arizona, Colorado, Georgia, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. The Company's primary product categories include:
- Furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom, as well as both traditional and specialty mattresses;
- Home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges;
- Consumer electronics, including LCD, LED, 3-D and Ultra HD televisions, Blu-ray players, home theater and portable audio equipment; and
- Home office, including computers, printers and accessories.