HHGregg, Inc. (HGG) Tops Q1 EPS by 10c; Comps Up 1.5%; Boosts FY11 Outlook

November 2, 2011 7:15 AM EDT
HHGregg, Inc. (NYSE: HGG) reported Q1 EPS of $0.16, $0.10 better than the analyst estimate of $0.06. Revenue for the quarter came in at $618.6 million versus the consensus estimate of $539.6 million.

Comps up 1.5%

HHGregg, Inc. sees FY2011 EPS of $1.26-$1.41, versus prior guidance of $1.20-$1.35 and the consensus of $1.20. Sees net sales increase of 20% to 25%, from a previous range of 15% to 20%.


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