What happened Shares of Conn's (NASDAQ: CONN) stock popped 8.4% as of 10:15 a.m. EDT Wednesday after the furniture, appliances, and electronics retailer reported estimate-crushing earnings for its fiscal second quarter of 2022. Analysts had forecast that Conn's would earn a (pro forma) profit of $0.71 per share this past quarter, on sales of $396.7 million, but the company actually reported a profit according to generally accepted accounting principles (GAAP) of $1.22 per share on sales of $418.4 million. Image source: Getty Images. So what Sales for the fiscal second quarter jumped 24% in comparison to last year's Q2, and same-store sales grew 16.4%. Conn's enjoyed especially strong sales growth in its home office segment (sales up 20%), in home appliances (up 26%), and in furniture and mattresses (35%). Consumer electronics sales growth lagged -- but still grew 2%. Profits shot up 74% from the $0.70 per share that Conn's had earned last year. Now what Conn's declined to give specific guidance for the rest of this fiscal year. Still, new CEO Chandra Holt confided that "momentum remains positive across our business reflecting strong consumer demand and ... total retail sales for the first half have increased at the fastest growth rate in seven years." Accordingly, Conn's predicted that it will close this fiscal year with same-store sales up in the "mid-teens." For a stock trading below seven times trailing earnings, I have to say -- that sounds pretty good. 10 stocks we like better than ConnsWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Conns wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 9, 2021 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source