Q1 2023 Conn's Inc Earnings Call Transcript
Greetings, and welcome to Conn's, Inc. First Quarter Fiscal Year 2023 Financial Results Conference Call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Chandra Holt, President and Chief Executive Officer. Thank you. You may begin.
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Good morning, and welcome to Conn's First Quarter Fiscal Year 2023 Earnings Conference Call. I'll start today's call with a review of the quarter and an update on our strategic priorities before turning the call over to George, who will review our financial results in more detail.
As expected, our first quarter retail performance was impacted by overlapping stimulus programs, third-party lease on tightening and a challenging macro environment. Our first quarter performance was also affected by higher year-over-year supply chain costs, including fuel and freight.
Since we last spoke in March, economic conditions have worsened and our outlook for
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