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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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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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