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Stock Market & Financial Investment News

News Breaks
July 31, 2014
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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September 11, 2014
08:02 EDTHGGh.h. gregg appoints Riesbeck CFO
hhgregg announced the hiring of Robert Riesbeck as CFO. Riesbeck will assume the CFO position on September 15. He previously served as Operations Executive/Group CFO at Sun Capital Partners.

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