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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."
News For HGG From The Last 14 Days
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October 30, 2014
12:37 EDTHGGh.h. gregg price target lowered to $3 from $6 at Barclays
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07:27 EDTHGGh.h. gregg says Q2 results reflect consumer electronics 'challenges'
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07:25 EDTHGGh.h. gregg says Q2 SSS decrease due to SSS decline in appliance, electronics
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07:22 EDTHGGh.h. gregg sees 2H15 to outperform 1H15
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07:20 EDTHGGh.h. gregg reports Q2 EPS (37c), may not compare to consensus 0c
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