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.

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