Coffee Sipping Big Board Stocks

[EZ2]

I'm not familiar w/ them ---- WHY?? would anyone shop/buy here?
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HHGregg Swings to Unexpected Fiscal Q2 Loss As Sales Decline More Than Expected

MIDNIGHT TRADER 7:55 AM ET 10/30/14

Symbol Last Price Change
HGG 6.07down 0 (0%)
QUOTES AS OF 04:03:59 PM ET 10/29/2014

07:55 AM EDT, 10/30/2014 (MT Newswires) -- HHGregg(HGG) swung to an unexpected fiscal Q2 loss and sales missed forecasts, but the electronics and home appliance retailer said sales had improved since the Labor Day weekend.

The company swung to a net loss of $10.4 million, or $0.37 per diluted share in the three months ending Sept. 30th, compared with net income of $3.7 million, or $0.12 per diluted share, for the comparable prior year period. Analysts had expected a profit of $0.01, if comparable, according to Capital IQ.

Net sales decreased 11.0% to $505.9 million from $568.3 million, below forecasts for $530.77 million.

The company expects annual comparable store sales to fall in the high to medium single digits range. It also said it expects the second half to outperform the first and sees positive EBITDA for the full year.

"Our quarterly results continue to reflect the challenges and volatility inherent to our business and the consumer electronics category. While we have made progress in repositioning our merchandise offering towards appliances and other home products, this transition is ongoing," President and CEO Dennis May said.

HHGregg (HGG) will now open 1 new store during fiscal 2015 compared to the previous expectation of 2 new stores during fiscal 2015. The second store's opening is now expected in early fiscal 2016.

The shares closed at $6.07 on Wednesday, near the bottom of a 52-week range of $5.66 - $17.85.

Price: 6.07, Change: , Percent Change:

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