Comparable-store sales fell 11.2% during the period.
Gross profit margin was off 50 bps to 26.8% even with a mix shift to appliances.
The retailer now sees FY14 EPS of $0.30-$0.40 vs. prior guidance of $0.70-$0.90.
SA contributor Don Dion had a short recommendation on HGG in place yesterday on his view the retailer is stuck on a very uncertain track.
HGG -6.7% premarket