Last $6.43 USD
Change Today -0.14 / -2.13%
Volume 116.3K
HGG On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

hhgregg inc (HGG) Snapshot

Open
$6.56
Previous Close
$6.57
Day High
$6.57
Day Low
$6.32
52 Week High
09/23/13 - $20.26
52 Week Low
09/11/14 - $6.29
Market Cap
182.6M
Average Volume 10 Days
169.5K
EPS TTM
$-0.31
Shares Outstanding
28.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HHGREGG INC (HGG)

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hhgregg inc (HGG) Details

hhgregg, Inc., together with its subsidiaries, operates as a specialty retailer of home appliances, televisions, computers, tablets, consumer electronics, home furniture, mattresses, fitness equipment, and related services under the hhgregg name. The company offers home appliances, including refrigerators, cooking ranges, dishwashers, freezers, washers, and dryers; consumer electronics products, such as LED televisions, audio systems, cameras, and Blu-ray players; and computing and wireless products comprising notebook computers, computer accessories, tablets and mobile phones, as well as bedding and audio products. As of July 31, 2014, it operated 228 brick-and-mortar stores in 20 states of the United States. The company is headquartered in Indianapolis, Indiana.

5,124 Employees
Last Reported Date: 05/20/14

hhgregg inc (HGG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $657.2K
Chief Merchandising Officer
Total Annual Compensation: $315.0K
Principal Accounting Officer, Senior Vice Pre...
Total Annual Compensation: $224.9K
Chief Information Officer
Total Annual Compensation: $260.0K
Chief Human Resources Officer
Total Annual Compensation: $260.8K
Compensation as of Fiscal Year 2014.

hhgregg inc (HGG) Key Developments

Hhgregg Opens Remodeled Location At Columbus

hhgregg announced the opening of a remodeled location in Columbus, Ohio's Sawmill Shopping Center (6440 Sawmill Road). The store reopens to the public on Sept. 18, 2014 providing six Columbus-area locations to meet consumers needs for appliances, electronics and furniture.

hhgregg, Inc. Appoints Robert J. Riesbeck as Chief Financial Officer, Effective September 15, 2014

hhgregg Inc. announced the hiring of Robert J. Riesbeck as Chief Financial Officer. Mr. Riesbeck will be a key addition to the Company's leadership team and his vast experience in financial and operational management will complement the existing executive team as the company continues to focus on executing its strategic initiatives to transform the business. Mr. Riesbeck will assume the CFO position on September 15, 2014. Mr. Riesbeck brings over 25 years of experience in financial and operations management. Most recently, Mr. Riesbeck served as Operations Executive/Group CFO at Sun Capital Partners where he was responsible for financial and operations oversight of a diverse group of portfolio companies with combined revenues exceeding $5 billion.

hhgregg, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2014; Provides Earnings Guidance for the Fiscal 2015

hhgregg, Inc. announced unaudited consolidated earnings results for the first quarter ended June 30, 2014. The company reported net loss of $10.3 million, or $0.36 per diluted share, for the three month period ended June 30, 2014, compared with net loss of $1.3 million, or $0.04 per diluted share, for the comparable prior year period. Net sales for the three months ended June 30, 2014 decreased 10.0% to $472.3 million from $524.9 million in the comparable prior year period. The decrease in net sales for the three month period was primarily the result of a comparable store sales decrease of 10.2%. Loss from operations was $13,949,000 against $1,478,000 a year ago. Loss before income taxes was $14,573,000 against $2,077,000 a year ago. Net cash used in operating activities was $40,731,000 against $17,181,000 a year ago. Purchases of property and equipment was $4,430,000 against $5,360,000 a year ago. The increase in net loss for the quarter was largely due to the comparable store sale decrease of 10.2%, coupled with nonrecurring investments in branding, medical expenses and noncash charges to income tax expense for stock option expiration. The company is expecting annual comparable store sales to be negative high single digits to negative mid single digits compared to previous expectation of negative low single digits to flat. It still expects the second half of the fiscal year to outperform the first half of the fiscal year. Given the results of operations in the first quarter and the volatility in consumer demand for product segments it no longer believes that diluted earnings per share in fiscal 2015 will be above the prior year as it previously stated. However, it expects to generate positive EBITDA for the fiscal year. Capital expenditures are still expected to be in the range of $20 million to $23 million for fiscal 2015.

 

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Industry Analysis

HGG

Industry Average

Valuation HGG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 0.6x
Price/Cash Flow 5.5x
TEV/Sales 0.1x
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