hhgregg, Inc. (HGG) Reports In-Line Q4 EPS

hhgregg, Inc. (NYSE: HGG) reported Q4 EPS of ($0.17), in-line with the analyst estimate of ($0.17). Revenue for the quarter came in at $538.3 million versus the consensus estimate of $537.96 million.

Comparable-store sales decreased 9.9%.

Guidance

Given our multiple strategic initiatives, which are currently underway, as well as continued volatility within the consumer electronics industry, we are not providing guidance for fiscal 2015. To help investors better understand the current trends and outlook for the business, we are expecting annual comparable store sales to be between negative low single digits to flat, with the first half of the fiscal year below this expectation and the second half of the fiscal year above this expectation. In addition, we expect fiscal 2015 net income per diluted share to be higher than fiscal 2014 net income per diluted share, as adjusted. Additionally, we expect to open between 2 and 4 new stores during fiscal 2015. Capital expenditures are expected to be in the range of $20 million to $23 million for fiscal 2015. We will continue to update these expectations throughout the fiscal year as our strategic initiatives help to transform our business.

For earnings history and earnings-related data on hhgregg, Inc. (HGG) click here.

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