Key Developments: hhgregg Inc (HGG.N)
14.89USD
1 Aug 2013
$-0.80 (-5.10%)
$15.69
$16.00
$16.00
$14.62
102,574
77,579
$17.71
$5.86
Latest Key Developments (Source: Significant Developments)
HHGREGG Inc Issues FY 2014 Guidance In Line With Analysts' Estimates; Comments On FY 2014 Comparable Stores Sales Guidance
HHGREGG Inc announced that for fiscal 2014, it expects net income per diluted share (EPS) guidance to be in the range of $0.75 to $0.90, comparable stores sales decrease of 2.5% to flat and expects net sales growth of 1.0% to 3.5%. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $2.586 billion and EPS of $0.79 for fiscal 2014. Full Article
HHGREGG Inc Reaffirms FY 2013 Guidance; Reaffirms FY 2013 Comparable Store Sales Guidance
HHGREGG Inc announced that consistent with the Company's pre-release on January 14, 2013, the Company expects net income per diluted share (EPS) will be within a range of $0.70 to $0.80 for fiscal 2013. Included in the Company's guidance, are the following annual assumptions: fiscal 2013 comparable store sales of negative 8.5% to negative 7.5% and fiscal 2013 net sales increase of flat to 1%. The Company reported revenue of $2.493 billion in fiscal 212. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $2.500 billion and EPS of $0.74 in fiscal 2013. Full Article
HHGREGG Inc Issues Q3 2013 Outlook Below Analysts' Estimates; Comments On Q3, Q4, FY 2013 Comparable Sales Outlook; Lowers FY 2013 Outlook; Comments On Q4 2013 Outlook; Sees Q3 2013 Charge Outlook
HHGREGG Inc announced that for the third quarter of 2013, it expects net sales to be approximately $799.6 million, net income of approximately $17.4 million, or $0.51 per diluted share, net income (adjusted) to be approximately $17.7 million, or $0.52 per diluted share and comparable sales to have decreased approximately 9.7%. Third quarter 2013 results include a $0.5 million ($0.3 million after-tax) charge related to impairment for one store. The Company has revised fiscal 2013 guidance and expects net income per diluted share will be within a range of $0.70 to $0.80, compares to previous guidance of net income per diluted share of $0.90 to $1.05. It now expects fiscal 2013 comparable sales of negative 8.5% to negative 7.5%, compared to previous guidance of negative 6.0% to negative 4.0%, fiscal 2013 net sales increase of flat to 1.0%, compared to previous guidance of net sales increase of 3.0% to 6.0%. For the fourth quarter of 2013, it expects to continue to drive comparable store sales increases, sales mix to have a negative impact on gross margin rate in the fourth quarter compared to the prior year. The Company reported revenue of $2.5 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.93 on revenue of $2.578 billion for fiscal 2013; EPS of $0.59, net income of $20.9 million on revenue of $845.3 million for the third quarter of 2013; EPS of $0.40 on revenue of $646.5 million for the fourth quarter of 2013. Full Article
hhgregg, Inc. Reaffirms FY 2013 Guidance; Reaffirms FY 2013 Comparable Store Sales Guidance
hhgregg, Inc. announced that it continues to expect net income per diluted share to be within a range of $0.90 to $1.05 for fiscal 2013. It expects comparable store sales of negative 6% to negative 4% and net sales increase of 3% to 6% for fiscal 2013. While the overall operating environment will likely remain volatile for the foreseeable future, it remains committed to improving shareholder value over the long-term and are reiterating net income per diluted share guidance for fiscal 2013 of $0.90 to $1.05 per share. The Company reported revenue of $2.5 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.92 on revenue of $2.623 billion for fiscal 2013. Full Article
hhgregg, Inc. Lowers FY 2013 Guidance; Lowers FY 2013 Same Store Sales Guidance
hhgregg, Inc. announced that for fiscal 2013, it expects net income per diluted share (EPS) to be within a range of $0.90-$1.05, net sales increase of 3% to 6% and comparable store sales of negative 6% to negative 4%. The Company reported revenue of $2.5 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.93 on revenue of $2.622 billion for fiscal 2013. Full Article
hhgregg, Inc. Issues Q1 2013 Guidance; Lowers FY 2013 Guidance; Lowers FY 2013 Comparable Store Sales Guidance
hhgregg, Inc. announced that for the first quarter of 2013, it expects net sales to be approximately $490 million and net loss of between $6.2 million to $5.7 million, or $0.17 to $0.16 per diluted share (EPS). For fiscal 2013, it expects net income per diluted share to be $0.90 to $1.05. This compares to previous guidance of net income per diluted share of $1.12 to $1.27. Comparable store sales of negative 6% to negative 4%, as compared to previous guidance of negative 1% to positive 1% and net sales increase of 3% to 6%, as compared to a previous guidance of net sales increase of 9% to 12%. Full Article
hhgregg, Inc. Issues FY 2013 Guidance; Revenue Guidance Below Analysts' Estimates
hhgregg, Inc. announced that for fiscal 2013, it expects net income per diluted share in a range of $1.12 to $1.27 and net sales growth of 9% to 12%. The Company expects comparable stores sales change of (1%) to 1%. The Company reported revenue of $2.5 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.24 on revenue of $2.842 for fiscal 2013. Full Article
hhgregg, Inc. Issues FY 2012 Guidance; Revenue Guidance Above Analysts' Estimates; Comments On FY 2012 Comparable Store Sales Guidance
hhgregg, Inc. announced that for fiscal 2012, it expects net income per diluted share will be within a range of $1.05-$1.15 and expects net sales to increase of 22% to 24%. The Company expects fiscal 2012 comparable store sales of flat to positive 2%. The Company reported revenue of $2.077 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.10 on revenue of $2.516 billion for fiscal 2012. Full Article
hhgregg, Inc. Issues Q3 2012 Guidance; Lowers FY 2012 EPS Guidance; Lowers High End Of Prior FY 2012 Comparable Store Sales; Narrows FY 2012 Revenue Guidance
hhgregg, Inc. announced that for the third quarter of 2012, it expects net sales to be $829.5 million. Comparable store sales are estimated to have increased 3.9% for the third quarter of 2012. The Company expects net income of approximately $22.5 million, or $0.60 per diluted share, for the third quarter of 2012. In light of the preliminary third quarter sales and earnings results, the Company now anticipates annual net income per diluted share will be within a range of $1.05 to $1.15 for fiscal 2012. This compares to previous guidance of net income per diluted share of $1.26 to $1.41 in fiscal 2012. The Company's revised fiscal 2012 guidance and expects comparable store sales of flat to positive 2%, as compared to previous guidance of flat to positive 3%, net sales increase of 22% to 24%, as compared to previous guidance of net sales increase of 20% to 25%. Full Article
hhgregg, Inc. Raises FY 2012 Guidance
hhgregg, Inc. updated its fiscal 2012 guidance and expects earnings per diluted share (EPS) to a range of $1.26 to $1.41, from previous guidance of $1.20 to $1.35. Net sales increase of 20% to 25%, from a previous range of 15% to 20%. The Company reported revenue of $2.077 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.20 on revenue of $revenue of $2.369 billion for fiscal 2012. Full Article
BRIEF-Hhgregg falls in extended trading after results
NEW YORK, May 20 - hhgregg Inc : * Shares fall 3.3 percent in extended trading after results

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