Last $7.12 USD
Change Today +0.005 / 0.07%
Volume 11.9K
HGG On Other Exchanges
Symbol
Exchange
New York
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As of 9:44 AM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

hhgregg inc (HGG) Snapshot

Open
$7.12
Previous Close
$7.11
Day High
$7.19
Day Low
$7.11
52 Week High
09/20/13 - $20.75
52 Week Low
07/31/14 - $7.03
Market Cap
202.0M
Average Volume 10 Days
319.3K
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
Interim Chief Financial Officer, Principal Ac...
Total Annual Compensation: $224.9K
Chief Merchandising Officer
Total Annual Compensation: $315.0K
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, 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. The increase in net loss for the three months ended June 30, 2014 was largely due to a comparable store sales decrease of 10.2%. 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 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.

hhgregg, Inc. Plans to Open 2 New Stores During Fiscal 2015

hhgregg, Inc. announced that it expects to open 2 new stores during fiscal 2015 compared to previous expectation of opening between 2 and 4 new stores during fiscal 2015.

hhgregg, Inc. Announces Board Changes

hhgregg, Inc. announced its chief marketing officer, Julie Lyle, has been named the 2015 chairperson for the Global Retail Marketing Association (GRMA) Advisory Board. chairperson, Lyle will lead the GRMA Advisory Board and play a key role in the development of the organization's strategic initiatives and thought leadership. Lyle succeeds Brian Beitler, EVP and chief marketing officer, David's Bridal, who served as chairman from 2012 to 2014. Lyle will serve as senior advisor to Stephanie Fischer, president and CEO of GRMA. Lyle will also steer the GRMA Advisory Board, comprised of retail CMOs and supplier partner executives, to shape the organization's strategic focus and drive thought leadership within the retail space. In addition, Lyle will spearhead the GRMA member candidate selection process, ensuring the organization remains a community of the foremost CMOs and executive decision makers.

 

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Industry Analysis

HGG

Industry Average

Valuation HGG Industry Range
Price/Earnings 100.0x
Price/Sales 0.1x
Price/Book 0.7x
Price/Cash Flow 4.7x
TEV/Sales 0.1x
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