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Stock Market & Financial Investment News

News Breaks
February 11, 2014
09:03 EDTHGGhhgregg announces resignation of COO Gregg W. Throgmartin
hhgregg announced that the Board of Directors of hhgregg has accepted the resignation of Gregg W. Throgmartin as the Executive Vice President and COO of the company and as a member of the Board, effective March 31. Throgmartin is leaving the company to pursue outside interests and manage family businesses. The Board announced that it will commence a search for a new COO. In the interim, other operations officers of the company will fulfill the responsibilities of Mr. Throgmartin.
News For HGG From The Last 14 Days
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July 31, 2014
07:16 EDTHGGh.h. gregg no longer sees FY15 EPS above the prior year
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07:15 EDTHGGh.h. gregg reports Q1 EPS (36c), consensus (16c)
Reports Q1 revenue $472.3M, consensus $490.48M. Reports Q1 SSS down 10.2%. Dennis May, President and CEO commented, “While we expected the first quarter to be challenging given the difficult comparison to the prior year, we are not satisfied with our recent results. We recognize the importance of balancing near-term results with long-term investments to transform the business. Therefore we will continue to invest in our strategic initiatives to reposition the business around a broader assortment of home products. While we are making progress in many areas, we have opportunities for improvement in others. We have adjusted our advertising strategy to be more balanced, focusing more on traffic driving promotions versus the branding focused advertising that we did in the first quarter. We are also making adjustments to the video and appliance categories and refocusing our broader efforts on driving traffic to our stores and website."

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