hhgregg (HGG) Misses Q2 EPS by 14c; Comps Fell 6.4%
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hhgregg Announces Second Fiscal Quarter Operating Results
November 8, 2016 7:00 AM ESTINDIANAPOLIS--(BUSINESS WIRE)-- hhgregg, Inc. (NYSE: HGG) ("hhgregg" or the "Company") today announced operating results for the second fiscal quarter ended September 30, 2016.
Second Fiscal Quarter Summary
Net sales decreased 6.6% to $455 million compared to prior year second fiscal quarter. Online sales increased 35.5% compared to the prior year second fiscal quarter. Comparable store sales decreased 6.4% compared to the prior year second fiscal quarter. Appliance comparable store sales increased 5.7%. Gross margin increased to 28.7%... More