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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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April 15, 2014
12:00 EDTHGGh.h. gregg falls 11.8%
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11:41 EDTHGGElectronics retailers sink after hhgregg lowers outlook
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08:07 EDTHGGh.h. gregg sees FY14 adjusted EPS 9c, consensus 35c
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08:06 EDTHGGh.h. gregg sees Q4 adjusted EPS (17c), consensus 10c
The net loss includes approximately $4M of pre-tax expenses related to the expected write down of inventory for the planned exit from the contract-based mobile phone business and for the write-off of store fixtures associated with the company’s changing product mix. Sees Q4 net sales $538.3M, consensus $552.14M. Comparable store sales are estimated to have decreased approximately 9.9%, with the appliance category expected to have increased approximately 0.5%, the consumer electronic category expected to have decreased approximately 18.9%, the computing and wireless category expected to have decreased approximately 22.6%, and the home products category expected to have decreased approximately 0.4%.
08:04 EDTHGGh.h. gregg says to exit contract-based mobile phone business
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