hhgregg Announces Second Fiscal Quarter Operating Results
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hhgregg (HGG) Reports 2Q EPS Miss and Updates Cost Cutting Strategies; Piper Jaffray Remains Neutral
November 6, 2015 9:15 AM ESTPiper Jaffray reiterated a Neutral rating on hhgregg (NYSE: HGG), and raised the price target to $5.00 (from $4.00), following the company's 2Q earnings report. Q2 EPS of -$0.37 came in below consensus of -$0.33. Through Q2, HGG said they had cut $27.2M in total cost through the 1H FY16 out of the $50M planned. Of the $27.2M,... More
hhgregg (HGG) Misses Q2 EPS by 1c
November 5, 2015 7:05 AM ESThhgregg (NYSE: HGG) reported Q2 EPS of ($0.37), $0.01 worse than the analyst estimate of ($0.36). Revenue for the quarter came in at $487 million versus the consensus estimate of $488.24 million.
Comparable store sales decreased 3.5% compared to the prior year second quarter, but improved by 280... More
