hhgregg reported a 16.5 percent increase in third-quarter sales, ended December 31, to $390.4 million, from $335.1 million for the year-ago quarter. Net sales for the nine-month period increased about 20 percent to $932.5 million, compared to $776 million for the same period last year.
Gross profits increased by .8% to 30.5% for the quarter. The company attributed that increase to margin improvement across all major categories.
Hhgregg attributed the sales increases to the 11 new stores it added during the last year, as well as 3 percent and 6.3 percent increases in comparable store sales for the third quarter and nine-month periods.