hhgregg (HGG) Looks Cheap but Facing Secular Headwinds

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hhgregg, Inc. (HGG) Tops Q2 EPS by 2c; Comps Fell 8.8%; Guides FY13 EPS Above

November 2, 2012 7:06 AM EDT

hhgregg, Inc. (NYSE: HGG) reported Q2 EPS of $0.11, $0.02 better than the analyst estimate of $0.09. Revenue for the quarter came in at $578.64 million versus the consensus estimate of $638.57 million.

Comps down 8.8%.

hhgregg, Inc. sees FY2013 EPS of $0.90-1.05, versus the consensus of $0.92.... More