Best Buy (BBY) on Watch Following hhgregg (HGG) Warning
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hhgregg, Inc (HGG) Expects Q1 adh.-Loss; Comps Fell 9.9%
April 15, 2014 8:06 AM EDThhgregg, Inc. (NYSE: HGG) today announced preliminary sales and earnings results for the fourth fiscal quarter and fiscal year ended March 31, 2014. The Company also announced details of its fourth fiscal quarter and year-end earnings conference call.
For the fourth fiscal quarter ended March 31, 2014, the Company estimates net sales to be approximately $538.3 million, a decrease of approximately 9.9% as compared to net sales of $597.6 million reported for the fourth fiscal quarter of 2013. (The Street sees sales of $552.1 million.) Fourth fiscal quarter comparable store sales are estimated to have decreased approximately 9.9%, with the appliance category expected to have... More
