Monday, April 27, 2009

hhgregg thriving in sour economy

Indianapolis 24 hour news 8 anchor Scott Sanders sat down with hhgregg's executive chairman Jerry Throgmartin to find out how hhgregg is thriving in a sour economy.

Based on unaudited preliminary results, the Company expects to report net sales for the fourth fiscal quarter ended March 31, 2009 of approximately $365 million, representing a 13% increase over the comparable prior year period. Comparable store sales decreased by approximately 6.5% for the fourth fiscal quarter, as compared with previous comparable store sales guidance of down 7% to 11%. Net income per diluted share for the fourth fiscal quarter is expected to range between $0.39 and $0.42, as compared with prior year adjusted net income per diluted share of $0.32....Read more about the hhgregg earning results here.