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February 14, 2014
09:46 EDTHGGCaption says h.h. gregg presentation shown to management
Caption Partners, a beneficial owner of more than 1% of h.h. gregg's outstanding shares, said earlier today that it released a presentation entitled "h.h. gregg: sizing up the Sears opportunity," on its website. Caption says the presentation "outlines a massive opportunity for h.h. gregg to capitalize on robust U.S. appliance industry growth at a time when Sears is losing market share. Caption believes the Company should consider three actions to maximize shareholder value: resume strategic unit growth, increase the pace of share repurchases, and optimize its capital structure by utilizing the Company’s low-cost asset-backed loan facility." The presentation was delivered to h.h. gregg's board on February 3 and was presented to management at h.h. gregg’s headquarters on February 11, Caption stated.
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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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