HHGregg’s profit, revenue rise, but same-store sales fall
Indianapolis-based HHGregg boosted its fourth-quarter profit thanks to 42 stores that opened during 2010, off-setting decreased sales at retail locations operating for more than a year.
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Stock slides as HHGregg stores rise
HHGregg Inc. continues to plow into new markets, opening an average of one store a week, even as Wall Street is feeling less gung-ho about the prospects for such a fast-growing brick-and-mortar electronics chain.
HHGregg reports higher profit, lower same-store sales
The Indianapolis-based appliance and electronics retailer lowered its fiscal 2011 outlook on soft demand for pricier televisions and appliances.
Settlement struck in HHGregg dryer lawsuit
The deal, which could become final next month, stems from a lawsuit brought by a group of consumers accusing the Indianapolis-based appliance retailer of improperly installing dryer vents.
HHGregg shares slide on lower earnings outlook
The Indianapolis-based appliance and electronics retailer attributed its lower outlook to weak demand for new video technology products. Sales of LED and 3-D televisions were less than expected while sales of lower-priced TVs were higher than anticipated.
Naysayers place big bet HHGregg will stumble
Traditional analysts are high on the electronics retailer, but short-sellers, those who profit when a stock falls instead of rises, couldn't disagree more.
HHGregg shares swoon after quarterly report
HHGregg Inc.’s profit in its fiscal second quarter fell 20.4 percent from a year ago while expansion boosted revenue 45 percent.
PROXY CORNER: HHGregg Inc.
Indianapolis-based HHGregg Inc.is a specialty retailer of consumer electronics and home appliances.
New store openings drive HHGregg profit
Indianapolis-based appliance and electronics retailer opened 26 new stores in its fiscal first quarter and earned $2.7 million
in profit.
Slow economy bruises profits of Indiana’s largest public companies
One-time events influenced bottom lines of some of the few companies that made more money in 2009.
Recession hammered revenue of Indiana’s largest public companies
Few escaped the Great Recession unscathed, and unusual circumstances helped some appear as though they did.
Deal adds Verizon Wireless kiosks to all HHGregg stores
Marion-based The Cellular Connection expects to add 500 jobs in 15 states as a result of the agreement with HHGregg.
HHGregg’s profit slips despite higher revenue
HHGregg had a profit of $10 million, or 25 cents per share, in the quarter ended March 31 on revenue of $417.2 million.
Big stock run-up puts pressure on HHGregg to deliver
High expectations already are baked into HHGregg Inc.’s stock price, which has doubled since last May. A disappointment could
spawn a sell-off.
HHGregg’s faster growth boosts risk, potential rewards
HHGregg Inc. had been in business nearly a half century when it hit the 50-store mark in 2004. It plans to open nearly
that number within the next year.
HHGregg’s profit, sales rise
HHGregg’s profit and revenue both increased in its fiscal third quarter, despite a slight dip in same-store
sales. The opening of 19 stores helped offset the decrease.
HHGregg shares fall after analyst downgrade
Customers are buying fewer high-priced big-screen TVs from electronics chain HHGregg Inc., an analyst said Tuesday as he lowered
his investment rating on the company’s stock.
Retailers surprisingly upbeat as they head into holidays
Those in the trenches say this won’t be a blockbuster Christmas, but it won’t be horrid, either.
HHGregg’s quarterly earnings, sales jump
HHGregg reported a rise in quarterly profit and sales Thursday morning that exceeded analyst expectations, despite a decrease
in same-store sales.
HHGregg promotes three executives
Indianapolis-based electronics retailer HHGregg Inc. announced the promotions of three executives this morning, including
the appointment of a new chief financial officer.