hhgregg Announces Fiscal Second Quarter Operating Results

hhgregg Announces Fiscal Second Quarter Operating Results

Second Quarter Highlights

* Net income per diluted share increases 30% over the prior year to $0.13
* Net sales increase 3.7% to $332.2 million; comparable store sales decrease 9.4%
* Gross profit margin remains consistent with the prior year period
* Seven new stores opened during the quarter
* Company tightens net income per diluted share guidance range for fiscal year 2010 to $0.90 - $1.00, from previous range of $0.85 - $1.00

View the full release at ir.hhgregg.com

hhgregg Announces the Opening of Two Stores in the Memphis Market

hhgregg Announces the Opening of Two Stores in the Memphis Market

First hhgregg Store Opens in Mississippi

INDIANAPOLIS, Oct 28, 2009 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) today announced that it will open two stores in the Memphis, TN market on Thursday October, 29th. The new stores are located at 8045 Giacosa Drive in Memphis and 6680 Southcrest Pkwy in Southaven, Mississippi. The Southaven store is hhgregg's first store in the state of Mississippi.

"hhgregg is excited to be expanding in the Memphis market and opening our first store in the state of Mississippi," said Jeff Pearson, vice president of marketing, hhgregg. "We think residents in the area will be pleased with the wide selection of appliances and electronics on display at our stores, and hope that they will enjoy our friendly and professional customer service."

A ribbon-cutting ceremony for the stores will take place at each location at 2:45 p.m. on Thursday, followed by the official store openings at 3 p.m. Grand Opening sales will be held at each new store from October 29th - November 7th, providing low prices on hhgregg's wide selection of televisions, appliances and electronics.

To celebrate the new stores, and introduce more consumers to hhgregg, the Company will launch its "Show Me Your State" Facebook photo contest to Tennessee and Mississippi residents from October 29th - November 12th. Residents simply download a picture of hhgregg's mascot, "hh," take a picture of him at their favorite location in the state, and post it to his Facebook page for a chance to win a high-end digital camera. For official rules, please visit: www.hhgregg.com/ShowMeYourState

CORPORATE OVERVIEW

hhgregg (NYSE: HGG) is a specialty retailer of consumer electronics, home appliances, mattresses and related services operating under the names hhgregg(R) and Fine Lines(R). hhgregg currently operates 126 stores in Alabama, Florida, Georgia, Indiana, Kentucky, Mississippi, North Carolina, Ohio, South Carolina and Tennessee.

hhgregg, Inc. Announces Conference Call to Discuss Second Quarter Operating Results

hhgregg, Inc. Announces Conference Call to Discuss Second Quarter Operating Results

INDIANAPOLIS, Oct 27, 2009 (BUSINESS WIRE) -- hhgregg, Inc. (NYSE:HGG) today announced that it will be conducting a conference call to discuss its operating results for its second fiscal quarter ended September 30, 2009 on Thursday, November 5, 2009 at 9:00 a.m. Eastern Time.

Interested investors and other parties may listen to a simultaneous webcast of the conference call by logging onto the Company's investor relations page at ir.hhgregg.com. The call can also be accessed over the phone by dialing (877) 397-0300. Callers should reference the hhgregg second quarter earnings call. A replay of the earnings call will be available on the Company's website through December 5, 2009.

About hhgregg

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM). hhgregg currently operates 126 stores in Alabama, Florida, Georgia, Indiana, Kentucky, Mississippi, North Carolina, Ohio, South Carolina and Tennessee.

hhgregg Announces the Grand Opening of Six New Stores in the Tampa, Florida Area

hhgregg Announces the Grand Opening of Six New Stores in the Tampa, Florida Area

Stores to Feature Wide Selection of Brand Name Appliances and Electronics

INDIANAPOLIS, Oct 13, 2009 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) today announced the opening of six new stores in the Tampa, Florida area on Thursday October, 15th. The new stores are located in Hillsborough, Sarasota, Clearwater, Bradenton, Brooksville, and Brandon. With these openings, the company now operates 20 stores in Florida, employing 650 residents. A simultaneous ribbon-cutting ceremony for the stores will take place at 2:45 p.m. on Thursday, followed by the official store openings at 3:00 p.m.

"We're very excited about our continued expansion in Florida," said Jeff Pearson, vice president of marketing, hhgregg. "Shoppers in the Tampa market can expect to see a wide selection of electronics at competitive prices, along with top-notch customer service from our knowledgeable sales team. The opening of these new stores demonstrates our commitment to expand our business and gain market share."

A Grand Opening sale will be held at each new store from October 15th - 24th, providing low prices on televisions, appliances and electronics throughout the store. The Lakeland store, located at 4000 US Hwy 98 North, will also participate in the Grand Opening sale.

To celebrate the new stores, and introduce more consumers to hhgregg, the Company will launch its "Show Me Your State" Facebook photo contest to all Florida residents from October 15th - 22nd. Residents simply download a picture of hhgregg's mascot, "hh," take a picture of him at their favorite location in Florida, and post it to his Facebook page for a chance to win a high-end digital camera. For official rules, please visit: www.hhgregg.com/ShowMeYourState

The locations of the new stores are as follows:

hhgregg in Hillsborough/Bruce B. Downs

The Hillsborough/Bruce B. Downs store is located at 6250 Commerce Palms Drive in the Market Square at Tampa Palms plaza.

hhgregg in Sarasota

The Sarasota store is located at 5511 Fruitville Road in the Sarasota Crossings plaza.

hhgregg in Clearwater

The Clearwater store is located at 2669 Gulf to Bay Blvd.

hhgregg in Bradenton

The Bradenton store is located at 4495 14th Street West in the Cortez Plaza.

hhgregg in Brooksville/Spring Hill

The Brooksville/Spring Hill store is located at 13199 Cortez Blvd.

hhgregg in Brandon

The Brandon store is located at 10277 East Adamo Drive.

CORPORATE OVERVIEW

hhgregg (NYSE: HGG) is a specialty retailer of consumer electronics, home appliances, mattresses and related services operating under the names hhgregg(R) and Fine Lines(R). hhgregg currently operates 124 stores in Alabama, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, South Carolina and Tennessee.

hhgregg Announces 80 Job Openings in Richmond, VA

hhgregg Announces 80 Job Openings in Richmond, VA

Job Fair Aims to Fill Available Positions in Sales, Warehouse and Management

INDIANAPOLIS, Oct 02, 2009 (BUSINESS WIRE) -- Today,Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) announced it will host a job fair to fill approximately 80 positions for two new stores scheduled to open in Richmond, VA this Fall. The job fair will be held at The Hotel Sierra, 11800 West Broad Street, Suite 1098, Richmond, VA from October 5th - 17th. The fair will be open Monday through Friday from 9:00am-6:00pm and Saturday from 9:00am-2:00pm.

"Our highly trained, professional sales associates and managers are known to have some of the best skills in the industry," said Andrew Eaton, regional manager, hhgregg. "We look forward to meeting friendly and motivated individuals in the Richmond area during our job fair, and expanding our hhgregg team."

Applications for commissioned sales associates, warehouse staff, customer service merchandisers and manager- in-training positions will be accepted. Sales experience is preferred, but retail experience is not required. hhgregg has a comprehensive training program, which provides more than 200 hours of training for each sales associate. To apply online, please visit www.hhgregg-jobs.com.

CORPORATE OVERVIEW

hhgregg (NYSE: HGG) is a specialty retailer of consumer electronics, home appliances, mattresses and related services operating under the names hhgregg(R) and Fine Lines(R). hhgregg currently operates 118 stores in Alabama, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, South Carolina and Tennessee.

hhgregg Announces Grand Opening of New Cincinnati, OH Location

hhgregg Announces Grand Opening of New Cincinnati, OH Location

New Store to Provide Shoppers with a Modern Shopping Experience, Top-Notch Customer Service

INDIANAPOLIS, Sep 25, 2009 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) announced today that it will open a new location in Cincinnati, Ohio on Sunday, September 27th. The new store, located at 4786 Fields Ertel Road in the Cross Roads Shopping Center, will replace hhgregg's older location on 9450 Fields Ertel Road. A ribbon-cutting ceremony will be held on Sunday, September 27, at 10:45am, followed by the official store opening at 11:00am.

The new 30,700 square foot store will provide an attractive and updated shopping experience for local residents, with more than 500 brand name appliances and electronics on display. hhgregg's knowledgeable, professional sales staff will be transferred to the new location, where they will continue to help customers make the best purchase decisions and provide hhgregg's convenient in-home delivery and installation service.

To celebrate the new store location, hhgregg will launch its "Show Me Your State" Facebook photo contest to all Ohio residents from September 27th -October 11th. Residents simply download a picture of hhgregg's mascot "hh", take a picture of him at their favorite location in Ohio, and post it to his Facebook page for a chance to win a high-end digital camera. For official rules, please visit: www.hhgregg.com/ShowMeYourState.

"At hhgregg, pleasing our customers has always been our main focus," said, Jeff Pearson, vice president of marketing, hhgregg. "This new location has been designed to provide shoppers in the Cincinnati area with a new and more modern shopping experience."

In honor of the new Fields Ertel store, hhgregg will host a Grand Opening Sale from September 27-October 3. Customers will be able to take advantage of low prices and special financing options on items throughout the store, and will have a chance to register to win a Frigidaire Stainless Steel Appliance Package or a Magellan GPS.

CORPORATE OVERVIEW

hhgregg (NYSE: HGG) is a specialty retailer of consumer electronics, home appliances, mattresses and related services operating under the names hhgregg(R) and Fine Lines(R). hhgregg currently operates 118 stores in Alabama, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, South Carolina and Tennessee.

SOURCE: hhgregg

hhgregg Announces Grand Opening of Cary, NC Store

hhgregg Announces Grand Opening of Cary, NC Store

New Store Offers Wide Selection of Appliances and Electronics, Top-Notch Customer Service

INDIANAPOLIS, Sep 25, 2009 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) announced today that it will be opening a new store in Cary, NC on Sunday, September 27th. A brief ribbon-cutting ceremony for the store located at 1401 Piney Plains Road, will be held at 10:45 a.m., followed by the official store opening at 11:00 a.m.

To celebrate the new store, and introduce more consumers to hhgregg, the Company will launch its "Show Me Your State" Facebook photo contest to all North Carolina residents from September 27th -October 11th. Residents simply download a picture of hhgregg's mascot "hh", take a picture of him at their favorite location in North Carolina, and post it to his Facebook page for a chance to win a high-end digital camera. For official rules, please visit: www.hhgregg.com/ShowMeYourState

hhgregg's new Cary location is its 17th store in North Carolina. It has 29,235 square feet, and more than 500 brand name appliances and electronics on display.

"The Raleigh market continues to be an important focus for hhgregg," said, Jeff Pearson, vice president of marketing, hhgregg. "The new Cary location will provide customers with a modern store where they can shop for all of their appliance and electronics needs with the help of hhgregg's knowledgeable and professional sales associates."

A Grand Opening sale will be held from September 27th - October 3rd, providing low prices on all televisions, appliances and electronics throughout the store. In addition to the sale, customers can register to win a Frigidaire stainless steel appliance package or Magellan GPS.

CORPORATE OVERVIEW

hhgregg (NYSE: HGG) is a specialty retailer of consumer electronics, home appliances, mattresses and related services operating under the names hhgregg(R) and Fine Lines(R). hhgregg currently operates 118 stores in Alabama, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, South Carolina and Tennessee.