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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                          ____________________________

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                                 Date of Report:
                        (Date of earliest event reported)

                                 March 31, 2005
                          ____________________________

                                  CONN'S, INC.
               (Exact name of registrant as specified in charter)


                                    Delaware
         (State or other Jurisdiction of Incorporation or Organization)


             000-50421                                   06-1672840
     (Commission File Number)                  (IRS Employer Identification No.)


                               3295 College Street
                              Beaumont, Texas 77701
                         (Address of Principal Executive
                              Offices and zip code)


                                 (409) 832-1696
                             (Registrant's telephone
                          number, including area code)


                                       N/A
          (Former Name or Former Address, if Changed Since Last Report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Securities Act (17
     CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) 12 under the
     Securities Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) 12 under the
     Securities Act (17 CFR 240.13e-2(c))


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Item 2.02 Results of Operations and Financial Condition. On March 31, 2005, the Company issued a press release announcing earnings for the quarter and fiscal year ended January 31, 2005. A copy of the press release is furnished herewith as Exhibit 99.1, and is incorporated herein by reference. Item 9.01(c) Exhibits. Exhibit 99.1 Press Release, dated March 31, 2005 All of the information contained in Item 2.02 and Item 9.01(c) in this Form 8-K and the accompanying exhibit shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended. 2

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CONN'S, INC. Date: March 31, 2005 By: /s/ David L. Rogers --------------------------------- David L. Rogers Chief Financial Officer 3

EXHIBIT INDEX ------------- Exhibit No. Description - ----------- ----------- 99.1 Press Release, dated March 31, 2005. 4

                                                                    Exhibit 99.1

     Conn's, Inc. Reports Record Earnings for Fourth Quarter and
                           Fiscal Year 2005

    BEAUMONT, Texas--(BUSINESS WIRE)--March 31, 2005--Conn's, Inc.
(NASDAQ/NM:CONN), a specialty retailer of home appliances, consumer
electronics, computers, mattresses and lawn and garden products, today
announced record earnings results for the fourth quarter and year
ended January 31, 2005.
    Net income available for common stockholders for the fourth
quarter increased 12.6% to $9.2 million compared to $8.2 million for
the fourth quarter of last year. Diluted earnings per share available
for common stockholders were $0.39 compared with $0.38 for the fourth
quarter of last year. Total revenues for the quarter ended January 31,
2005 increased 13.0% to $162.7 million compared with $144.0 million
for the quarter ended January 31, 2005. This increase in revenue
included net sales increases of $13.2 million, or 10.3%, and increases
from "Finance charges and other" of $5.5 million, or 35.3%. Same store
sales (revenues earned in stores operated for the entirety of both
periods) increased 0.9% for the fourth quarter of fiscal 2005. On a
pro forma basis, as though all shares issued in the initial public
offering were outstanding in both periods for the full period, diluted
earnings per share increased 8.3% to $0.39 for the quarter ended
January 31, 2005 from $0.36 for the previous period in fiscal 2004.
    Total revenues for the year ended January 31, 2005 increased 13.6%
to $567.1 million compared with $499.3 million for the year ended
January 31, 2004. This increase in revenue included net sales
increases of $53.3 million, or 12.1%, and increases from "Finance
charges and other" of $14.5 million, or 24.8%. Same store sales
increased 3.6% for the year ended January 31, 2005. Net income
available for common stockholders for the year ended January 31, 2005
increased 34.6% to $30.1 million compared to $22.4 million for the
same period last year. Diluted earnings per share available for the
common stockholder increased 4.1% to $1.27 for the year ended January
31, 2005 from $1.22 in the prior year. On a pro forma basis, as though
all shares issued in the initial public offering were outstanding in
both periods for the full year, diluted earnings per share increased
17.6% to $1.27 for the year ended January 31, 2005 from $1.08 for the
previous fiscal year.
    During the fourth quarter, the Company continued its expansion
into the Dallas/Fort Worth Metroplex with the opening of two
additional stores, bringing the store count in this market to eight as
of January 31, 2005. A freestanding clearance center in San Antonio
was closed during the fourth quarter and the clearance operation was
consolidated in a nearby, existing San Antonio store location. Earlier
in the year, three additional stores were opened in the Dallas/Fort
Worth market as well as a new store in McAllen, Texas bringing the
Company's total store count to 50. By the end of January 2006, the
Company expects to operate approximately 56 to 58 stores.
    "We continue to focus on execution at every level of the
organization which is evident from our performance this year. We are
pleased with our sales performance, particularly in our track sales,
mattress sales and the strengthening of our position in major
appliances," said Thomas J. Frank, Conn's Chairman and Chief Executive
Officer. "While the fourth quarter was challenging when compared to
the prior year's fourth quarter, we met our earnings goals due to
superior merchandising, effective promotional efforts and aggressive
cost containment."

    EPS Guidance

    The Company also issued guidance for fiscal year 2006 of earnings
per diluted share of approximately $1.40 to $1.46. The earnings
guidance does not give effect, if any, for changes resulting from the
required adoption of Statement of Financial Accounting Standards No.
123R, Share-Based Payment, during fiscal 2006 which would likely have
a negative impact on earnings. Comparable store sales increases are
projected in the low to mid single digit range. The estimate of
earnings per diluted share is calculated in accordance with current
generally accepted accounting principles.

    Conference Call Information

    Conn's, Inc. will host a conference call and audio webcast today,
March 31, 2005 at 10:00 a.m., CST, to discuss financial results for
the quarter and year ended January 31, 2005. The webcast will be
available at www.conns.com and will be archived for 30 days. The
webcast is also being distributed over CCBN's Investor Distribution
Network to both institutional and individual investors. Individual
investors can listen to the call through CCBN's individual investor
center at www.fulldisclosure.com. Institutional investors can access
the call via StreetEvents (www.streetevents.com).

    About Conn's, Inc.

    The Company is a specialty retailer currently operating 50 retail
locations in Texas and Louisiana: 18 stores in the Houston area, eight
in the Dallas/Fort Worth Metroplex, seven in San Antonio, five in
Austin, four in Southeast Texas, one in Corpus Christi, one in McAllen
and six stores in Louisiana. It sells major home appliances, including
refrigerators, freezers, washers, dryers and ranges, and a variety of
consumer electronics, including projection, plasma and LCD
televisions, camcorders, computers and computer peripherals, DVD
players, portable audio and home theater products. The Company also
sells lawn and garden products and mattresses, and continues to
introduce additional product categories for the home to help increase
same store sales and to respond to our customers' product needs.
    Unlike many of its competitors, the Company provides flexible
in-house credit options for its customers. Historically, it has
financed, on average, approximately 56% of retail sales. Customer
receivables are financed substantially through an asset-backed
securitization facility, from which the Company derives servicing fee
income and interest income from these assets. The Company transfers
receivables, consisting of retail installment contracts and revolving
accounts extended to its customers, to a qualifying special purpose
entity, or the issuer, in exchange for cash and subordinated
securities represented by asset-backed and variable funding notes
issued to third parties.

    This press release contains forward-looking statements that
involve risks and uncertainties. Such forward-looking statements
generally can be identified by the use of forward-looking terminology
such as "may," "will," "expect," "intend," "could," "estimate,"
"should," "anticipate," or "believe," or the negative thereof or
variations thereon or similar terminology. Although the Company
believes that the expectations reflected in such forward-looking
statements will prove to be correct, the Company can give no assurance
that such expectations will prove to have been correct. The actual
future performance of the Company could differ materially from such
statements. Factors that could cause or contribute to such differences
include, but are not limited to: the Company's growth strategy and
plans regarding opening new stores and entering new markets; the
Company's intention to update or expand existing stores; the Company's
estimated capital expenditures and costs related to the opening of new
stores or the update or expansion of existing stores; the Company's
cash flow from operations, borrowings from its revolving line of
credit and proceeds from securitizations to fund operations, debt
repayment and expansion; growth trends and projected sales in the home
appliance and consumer electronics industry and the Company's ability
to capitalize on such growth; relationships with the Company's key
suppliers; the results of the Company's litigation; interest rates;
weather conditions in the Company's markets; changes in the Company's
stock price; and the actual number of shares of common stock
outstanding. Further information on these risk factors is included in
the Company's filings with the Securities and Exchange Commission,
including the Company's current report on Form 8-K filed in connection
with this press release. You are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date
of this press release. Except as required by law, the Company is not
obligated to publicly release any revisions to these forward-looking
statements to reflect the events or circumstances after the date of
this press release or to reflect the occurrence of unanticipated
events.


                             Conn's, Inc.
           CONDENSED, CONSOLIDATED STATEMENTS OF OPERATIONS
              (in thousands, except earnings per share)



                               Three Months Ended  Twelve Months Ended
                                   January 31,         January 31,
                               ------------------- -------------------

                                 2004      2005      2004      2005
                               --------- --------- --------- ---------

Revenues

   Total net sales             $128,499  $141,721  $440,918  $494,235
   Finance charges and other     15,505    20,983    58,392    72,857
                               --------- --------- --------- ---------

      Total revenues            144,004   162,704   499,310   567,092

Cost and Expenses
   Cost of goods sold,
    including warehousing and
    occupancy costs              91,079   102,157   313,637   355,159
   Cost of parts sold,
    including warehousing and
    occupancy costs                 984     1,197     4,075     4,551
   Selling, general and
    administrative expense       37,615    42,779   135,174   152,900
   Provision for bad debts        1,254     1,615     4,657     5,637
                               --------- --------- --------- ---------

      Total cost and expenses   130,932   147,748   457,543   518,247
                               --------- --------- --------- ---------

Operating income                 13,072    14,956    41,767    48,845
Interest expense                    573       595     4,577     2,359
                               --------- --------- --------- ---------

Income before minority interest
 and income taxes                12,499    14,361    37,190    46,486
Minority interest in limited
 partnership                          -      (241)        -       118
                               --------- --------- --------- ---------
Income before income taxes       12,499    14,602    37,190    46,368

Total provision for income
 taxes                            4,089     5,355    12,850    16,243
                               --------- --------- --------- ---------

Net income                        8,410     9,247    24,340    30,125
Less preferred dividends            195         -     1,954         -
                               --------- --------- --------- ---------

Net income available for common
 shareholders                    $8,215    $9,247   $22,386   $30,125
                               ========= ========= ========= =========

Earnings per share
   Basic                          $0.40     $0.40     $1.26     $1.30
   Diluted                        $0.38     $0.39     $1.22     $1.27
Average common shares
 outstanding
   Basic                         20,744    23,230    17,726    23,192
   Diluted                       21,379    23,764    18,335    23,754


                             Conn's, Inc.
                CONDENSED, CONSOLIDATED BALANCE SHEETS
                            (in thousands)

                                                     January 31,
                                                   2004        2005
                                                ----------  ----------

                     Assets

Current assets
   Cash and cash equivalents                      $12,942      $7,027
   Interests in securitized assets and accounts
    receivable, net                                92,240     131,294
   Inventories                                     53,742      62,346
   Deferred income taxes                            4,148       4,901
   Prepaid expenses and other assets                3,031       3,356
                                                ----------  ----------
      Total current assets                        166,103     208,924
Non-current deferred tax asset                      3,945       1,523
Total property and equipment, net                  54,825      47,710
Goodwill and other assets, net                      9,887       9,846
                                                ----------  ----------
      Total assets                               $234,760    $268,003
                                                ==========  ==========

      Liabilities and Stockholders' Equity

Current Liabilities
   Notes payable                                       $-      $5,500
   Current portion of long-term debt                  338          29
   Accounts payable                                26,412      26,912
   Fair value of derivatives                        1,121         177
   Other current liabilities                       22,866      28,232
                                                ----------  ----------
      Total current liabilities                    50,737      60,850
Long-term debt                                     14,174       5,003
Non-current deferred tax liability                    477         704
Deferred gain on sale of property                     811         644
Fair value of derivatives                             202           -
Minority interest                                   1,769           -
Total stockholders' equity                        166,590     200,802
                                                ----------  ----------
      Total liabilities and stockholders' equity $234,760    $268,003
                                                ==========  ==========


                             Conn's, Inc.
            CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                            (in thousands)

                                                     For the Years
                                                   Ended Janaury 31,
                                                  -------------------
                                                    2004      2005
                                                  --------- ---------

Net cash provided by operating activities          $12,393      $170

Cash flows from investing activities
  Purchase of property and equipment                (9,401)  (19,619)
  Proceeds from sale of property                     1,291     1,131
                                                  --------- ---------
Net cash used by investing activities               (8,110)  (18,488)
Cash flows from financing activities
  Net proceeds from the sale of common stock        58,357         -
  Redemption of preferred stock                     (1,454)        -
  Net borrowings (payments) under bank credit
   facilities                                      (31,999)   10,500
  Payments on term note                            (15,000)        -
  Net proceeds from stock issued under employee
   benefit plans                                       397     1,603
  Debt issuance costs                                 (213)     (118)
  Payment of promissory notes                       (4,901)      (60)
                                                  --------- ---------
Net cash provided by financing activities            5,187    11,925
                                                  --------- ---------
Impact on cash of consolidation of SRDS              1,024       478
                                                  --------- ---------
Net change in cash                                  10,494    (5,915)
Cash and cash equivalents
  Beginning of the year                              2,448    12,942
                                                  --------- ---------
  End of the year                                  $12,942    $7,027
                                                  ========= =========


           RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION
                     PRO FORMA EARNINGS PER SHARE
               (in thousands, except earnings per share)

                              Three Months Ended      Years Ended
                                  January 31,         January 31,
                              ------------------- --------------------
                                2004      2005      2004      2005
                              --------- --------- --------- ----------

Net income available for
 common stockholders            $8,215    $9,247   $22,386    $30,125
Add interest savings, net of
 tax, due to debt payoff           180         -     1,278          -
Add preferred dividends            195         -     1,954          -
                              --------- --------- --------- ----------
Pro forma net income            $8,590    $9,247   $25,618    $30,125
                              ========= ========= ========= ==========

Total shares outstanding
 pre-IPO                        16,720    16,720    16,720     16,720
Shares issued in IPO,
 including over-allotment        4,622     4,622     4,622      4,622
Conversion of preferred stock
 into common                     1,712     1,712     1,712      1,712
Weighted issuance of shares to
 benefit plans                       9       176         2        138
Dilution due to outstanding
 options                           609       534       609        562
                              --------- --------- --------- ----------
Pro forma shares outstanding    23,672    23,764    23,665     23,754
                              ========= ========= ========= ==========

Pro forma diluted earnings per
 share                           $0.36     $0.39     $1.08      $1.27
                              ========= ========= ========= ==========

Reconciliation of pro forma
 shares outstanding to
 presentation according to
 GAAP:
  Pro forma shares outstanding  23,672    23,764    23,665     23,754
  Adjustment since shares were
   not outstanding for the
   full year                    (2,293)        -    (5,330)         -
                              --------- --------- --------- ----------
  Weighted diluted outstanding
   shares according to GAAP     21,379    23,764    18,335     23,754
                              ========= ========= ========= ==========

The use of pro forma information is considered necessary to provide
the reader with more comparable earnings per share information year
over year. As a result of the IPO transaction, the additional shares
issued were significant relative to the shares outstanding in the
prior year and preferred dividends are no longer accrued or paid.
Consequently, the shares outstanding have been adjusted to reflect the
IPO transaction as though it took place on February 1, 2003, interest
expense associated with the debt that would have been paid-off has
been reduced, and preferred dividends have been eliminated in all
periods in order to compute earnings per share on a more comparable
basis.


                CALCULATION OF GROSS MARGIN PERCENTAGE
                        (dollars in thousands)

                              Three Months Ended      Years Ended
                                  January 31,         January 31,
                              ------------------- --------------------
                                2004      2005      2004      2005
                              --------- --------- --------- ----------

Total revenues                $144,004  $162,704  $499,310   $567,092
Less cost of goods and parts
 sold, including warehousing
 and occupancy cost            (92,063) (103,354) (317,712)  (359,710)
                              --------- --------- --------- ----------
Gross margin dollars           $51,941   $59,350  $181,598   $207,382
                              ========= ========= ========= ==========

Gross margin percentage           36.1%     36.5%     36.4%      36.6%


    CONTACT: Conn's, Inc., Beaumont
             Thomas J. Frank, 409-832-1696 Ext. 3218