Hhgregg, Inc. Provides Preliminary Sales Guidance for the Third Quarter Ended December 31, 2014
January 06, 2015 at 01:00 pm
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hhgregg, Inc. provided preliminary sales guidance for the third quarter ended December 31, 2014. For the third fiscal quarter of 2015, the company estimates net sales to be approximately $666 million, a decrease of approximately 6% as compared to net sales of $707 million reported for the third fiscal quarter of 2014. Third fiscal quarter comparable store sales are estimated to have decreased approximately 6%, with the appliance category estimated to be relatively flat, the consumer electronics category estimated to have decreased approximately 4%, the home products category estimated to have decreased approximately 9%, and the computer and tablet category estimated to have decreased approximately 35%.
The company estimates that its e-commerce business comparable sales were up approximately 59% for the fiscal third quarter.
hhgregg, Inc. is an online retailer that operates a retail chain of consumer electronics and home appliances in the Midwest, Northeast, and Southeast United States, which operates stores in approximately 20 states. The Company offers a range of products categories, which include mobiles, computers and office, cameras and video, electronics, pro audio, home and kitchen. Its mobile products include cellphones and accessories, and wearable technology. Its computer products include desktops, laptops, hardware, telephones, and office accessories. The Companyâs electronics products include global positioning systems (GPS) and auto, television, home theater, audio headphones, and gaming. Its pro audio products include microphones, pro headphones, studio recording, audio systems, speakers, audio components, portable audio, and musical instruments. Its home and kitchen products include kitchen utensils, luggage, and bags. It offers global and local brands across the nation through hhgregg.com.