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What: Shares of Conn's (NASDAQ:CONN) gained as much as 10% today after turning in a strong earnings report.

So what: The retailer-lender of durable goods saw same-store sales soar in the quarter, up 15.6%, lapping an increase of 16.5% the year before as revenues jumped 33.6% to $335.4 million and topped expectations of $328.5 million. Conn's credit performance also improved as loan delinquency rates improved, and earnings per share improved from $0.61 a year ago to $0.80, beating estimates at $0.73. 

Now what: CEO Thomas Wright noted that the company's solid performance continued into May with 13% same-store sales growth, and Conn's has continued to aggressively expand, with 17 to 20 new stores expected for the full year, increasing its base by about 25%. For the full year, management guided EPS at $3.40 to $3.70, in line with estimates at $3.52. With same-store sales increasing by double digits, an improving credit profile, and its store count growing quickly, Conn's seems to have the right formula to continue rewarding shareholders. 

Jeremy Bowman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.