Dealerscope

You will be automatically redirected to dealerscope in 20 seconds.
Skip this advertisement.

Advertisement
Advertisement
 

hhgregg Profit Down

November 2, 2012
Get the Flash Player to see this rotator.
 

hhgregg Friday announced a quarterly profit of $3.8 million, a 38 percent drop from the same time last year. 

"Our sales performance during the quarter was negatively impacted by a continued pressure in the video industry and fell below our expectations," CEO Dennis May said on a conference call (according to the Seeeking Alpha transcript.)

"In the video category, we saw comparable store sales decline 20.5% as we were pressured by both industry headwinds and the impact of our strategy to focus less on opening price points and smaller screen sizes."


 

COMMENTS

Click here to leave a comment...
Comment *
Most Recent Comments: