Thursday, May 27, 2010

hhgregg Announces Full Year Operating Results and Issues Fiscal Year 2011 Guidance Fiscal Year 2010 Highlights

hhgregg Announces Full Year Operating Results and Issues Fiscal Year 2011 Guidance
Fiscal Year 2010 Highlights


* Net sales increase 9.9% to $1.5 billion; comparable store sales decrease 6.6%
* 21 net new stores opened during the fiscal year
* Net income increases 7.4% to $39.2 million

Fiscal Year 2011 Guidance Highlights

* Company remains on pace for 40 - 45 new store openings in fiscal 2011
* Company establishes net income per diluted share guidance range for fiscal 2011 of $1.35 - $1.45
* Company expects comparable stores sales growth of flat to positive 2%
* Company expects net sales increase of 40 - 45%

Click her for full operating results.

Monday, May 17, 2010

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

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

INDIANAPOLIS, May 17, 2010 (BUSINESS WIRE) -- hhgregg, Inc.(NYSE:HGG) today announced that it will be conducting a conference call to discuss its operating results for its fourth fiscal quarter ended March 31, 2010 on Thursday, May 27, 2010 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 www.hhgregg.com. The call can also be accessed over the phone by dialing (877) 304-8963. Callers should reference the hhgregg fourth quarter earnings call. A replay of the earnings call will be available on the Company's website through June 27, 2010.

About hhgregg

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 157 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

hhgregg Announces the Grand Opening of Twelve New Stores Serving Residents in Philadelphia and Greater Delaware Valley Area

hhgregg Announces the Grand Opening of Twelve New Stores Serving Residents in Philadelphia and Greater Delaware Valley Area

Stores to Feature Wide Selection of Brand Name Appliances and Electronics

INDIANAPOLIS, May 17, 2010 (BUSINESS WIRE) -- As part of its ongoing commitment to expand operations in the mid-Atlantic region, Indianapolis-based appliance and electronics leader hhgregg (NYSE: HGG) today announced that it will open its first stores in the state of Delaware and New Jersey along with six other stores in the state of Pennsylvania on Thursday, May 20th. The new stores can be found at the following locations:

Dover, DE - 1380 N Dupont Hwy. Dover, DE 19901
Newark, DE (Christiana) - 700 Center Blvd. Newark, DE 19702
Wilmington, DE - 1000 Brandywine Pkwy Wilmington, DE 19803
Lawrenceville, NJ (Princeton) - 3371 US Hwy 1, Space #34 Lawrenceville, NJ 08648
Mays Landing, NJ (Atlantic City) - 4215 Black Horse Pike Mays Landing, NJ 08330
Woodbury, NJ (Deptford) - 2000 Clements Bridge Rd. Woodbury, NJ 08096
Downingtown, PA (Exton) - 10 Quarry Road Downingtown, PA 19335
Langhorne, PA (Oxford Valley) - 100 Lincoln Plaza Langhorne, PA 19047
North Wales, PA (Montgomeryville) - 1251 Knapp Road North Wales, PA 19454
Philadelphia, PA (NE Philadelphia) - 9733 Roosevelt Blvd. Philadelphia, PA 19114
Whitehall, PA (Allentown) - 740 Lehigh Valley Mall Whitehall, PA 18052
Wyomissing, PA (Reading) - 1101 Woodland Ave., Suite 4000 Wyomissing, PA 19610

A ribbon-cutting ceremony for each store will take place at 2:45 p.m. on Thursday, followed by the official store openings at 3:00 p.m. Extended Grand Opening sales will be held at each new store from May 20th - June 3rd, providing local residents with low prices on hhgregg's wide selection of televisions, appliances and electronics. Customers will also be able to take advantage of special financing options on items throughout the stores, and will have a chance to register to win a Frigidaire Stainless Steel Appliance Package or a Magellan GPS.

"We are excited to expand our footprint into the Philadelphia and Greater Delaware Valley area," said Jeff Pearson, vice president of marketing for hhgregg. "Shoppers will be pleased that Grand Opening sales have been extended to two full weeks of fantastic deals on more than 100 digital TVs and 500 appliances! The opening of these new stores demonstrates our commitment to the market by providing area residents a convenient place to shop, competitive prices and top-notch customer service. Our friendly and knowledgeable sales team looks forward to helping area residents shop for all of their electronics needs."

Over 600 employees have been hired to staff the roughly 30,000 square foot stores. All employees undergo a comprehensive training program and receive more than 200 hours of product training each year. Like all hhgregg locations the new stores will showcase over 100 digital TVs and have more than 500 major appliances in stock every day.

To celebrate the new stores, and introduce consumers to hhgregg, the Company will launch its "Show Me Your State" Facebook photo contest to all New Jersey residents from May 10th - June 4th. Residents simply need to download a picture of hhgregg's mascot, "hh," take a picture of him at their favorite location in New Jersey, and post it to his Facebook page http://www.facebook.com/hhgreggSalesGuide for a chance to win a digital camera. For official rules, please visit: www.hhgregg.com/ShowMeYourState.

To learn more about upcoming hhgregg store openings, please visit the "hhGO" link on the company's website, http://www.hhgregg.com/, or visit http://hhgreggnewstores.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 157 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, South Carolina, Tennessee, Pennsylvania and Virginia. To learn more about upcoming hhgregg store openings, please visit: http://www.hhgreggnewstores.com/.

Monday, May 3, 2010

hhgregg Announces the Grand Opening of Six Baltimore, MD Area Stores

hhgregg Announces the Grand Opening of Six Baltimore, MD Area Stores
Stores to Feature Wide Selection of Brand Name Appliances and Electronics

INDIANAPOLIS, May 03, 2010 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) today announced that it will open six new stores in the Baltimore, MD area on Thursday, May 6th. The new stores can be found at the following locations:

* Hanover, MD: 7667 Arundel Mills Blvd. Hanover, MD 21076
* Annapolis, MD: 150 - A Jennifer Road, Annapolis, MD 21401
* Cantonsville, MD: 6026 Baltimore National Pike, Catonsville, MD 21228
* Bel Air, MD: 680 Marketplace Dr. Bel Air, MD 21014
* Towson, MD: 801 Goucher Blvd, Towson, MD 21286
* Glen Burnie, MD: 6711 Ritchie Highway, Glen Burnie, MD 21061

A ribbon-cutting ceremony for each store will take place at 2:45 p.m. on Thursday, followed by the official store openings at 3:00 p.m. Grand Opening sales will be held at each new store from May 6th - May 15th, providing local residents with low prices on hhgregg's wide selection of televisions, appliances and electronics. Customers will also be able to take advantage of special financing options on items throughout the stores, and will have a chance to register to win a Frigidaire Stainless Steel Appliance Package or a Magellan GPS.

"We are excited to expand our footprint in the state of Maryland by opening our first Baltimore area stores," said Jeff Pearson, vice president of marketing for hhgregg. "We think residents 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, which are the hallmarks of our company."

Approximately 300 residents from the area have been hired to staff the roughly 30,000 square foot stores. All employees undergo a comprehensive training program and receive more than 200 hours of product training each year. Like all hhgregg locations, the new stores will showcase over 100 digital TVs and have more than 500 major appliances in stock every day.

To learn more about upcoming hhgregg store openings, please visit the "hhGO" link on the company's website, http://www.hhgreggnewstores.com/, or visit http://hhgreggnewstores.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 145 stores in Alabama, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, North Carolina, Ohio, South Carolina, Tennessee, Pennsylvania and Virginia.