Tue, Aug. 25, 10:29 AM
- Shares of hhgregg (HGG +4.9%) are higher after larger rival Best Buy delivers stronger Q2 comparable-store sales growth than anticipated.
- The company is trying the same strategy of refining store count and focusing on higher-margin categories.
- E-commerce sales were up 26% at hhgregg in FQ1.
- Related: Best Buy +11% after comps top expectations (Aug. 25 2015)
Mon, Aug. 10, 2:42 PM
- Conn's (CONN +7.3%), hhgregg (HGG +5.5%), Aaron's (AAN +3.2%), and Best Buy (BBY +1.8%) are all higher on decent volume.
- The bounce comes ahead of this week's report on retail sales in which some analysts think consumer electronics will top expectations.
- Previously: All eyes on U.S. Retail Sales report next week (Aug. 08 2015)
Thu, Aug. 6, 12:43 PM
Thu, Aug. 6, 8:45 AM
- Hhgregg (NYSE:HGG) reports comparable-store sales fell 6.3% in FQ1 to mark an improvement from the 10% drop in the last quarter.
- Comparable sales on the company's website were up 25.5% during the period.
- Sales mix: appliances 59%, consumer electronics 30%, computers/tablets 5%, home products 6%.
- Gross margin rate +80 bps to 30.5%.
- SG&A expense rate +50 bps to 25.2%.
- Store count -2 Y/Y to 227.
- Previously: hhgregg beats by $0.03, misses on revenue
Thu, Aug. 6, 8:20 AM
Wed, Aug. 5, 5:30 PM
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Tue, Jun. 2, 1:17 PM
- Retail chain stocks are putting in some strong gains despite a soft read earlier in the day from Redbook on sales.
- PVH issued a strong report last night which helped push the sector in the right direction, but there also appears to be some speculative buying on some names in the sector after Macy's was reported to be under pressure to explore REIT options.
- Previously: Macy's hearing from hedge funds on real estate assets
- Gainers: Guess (NYSE:GES) +5.1%, Tilly's (NYSE:TLYS) +4.4%, Abercrombie & Fitch (NYSE:ANF) +5.7%, Kohl's (NYSE:KSS) +1.6%, J.C. Penney (NYSE:JCP) +2.9%, Bon-Ton Stores (NASDAQ:BONT) +4.6%, Stein Mart (NASDAQ:SMRT) +2.7%, Sears Hometown and Outlet Stores (NASDAQ:SHOS) +2.4%, Conn's (NASDAQ:CONN) +5.8%, Best Buy (NYSE:BBY) +1.7%, hhgregg (NYSE:HGG) +2.8%.
Fri, May 29, 10:09 AM
- Shares of Best Buy (BBY +1.9%) and hhgregg (HGG +2.4%) are higher in early trading as it appears a solid report from GameStop is bringing in some buyers.
- Same-store sale rose 8.6% at GameStop, although the tally also includes online sales.
- Previously: GameStop up 3.9% as Q1 beats on top, bottom lines (May. 28 2015)
Fri, May 15, 12:45 PM
Fri, May 15, 7:02 AM
Thu, May 14, 5:30 PM
Thu, Feb. 26, 9:30 AM
Thu, Jan. 29, 8:07 AM
- Comparable-store sales fell 6.3% at hhgregg (NYSE:HGG) in FQ3.
- The exit by the company from the mobile phones and fitness equipment categories was a factor.
- The comp for the computers and tablets category was -35%.
- Gross margin rate +20 bps to 27.0 during the quarter.
- Previously: hhgregg misses by $0.09, misses on revenue
Thu, Jan. 29, 8:00 AM
Wed, Jan. 28, 5:30 PM
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Wed, Jan. 14, 9:17 AM
- A slide in retail sales during December was impacted by weakness with the electronics stores (BBY, CONN, HGG) and building materials/garden equipment (HD, LOW) categories.
- The biggest drag on the index was the gasoline stations component (CASY, PTRY]]) which recorded a 6.5% M/M and 14.2% Y/Y decline in December.
- Good news for the restaurant sector (MCD, QSR, YUM, SONC, WEN) as sales were up 0.8% M/M and 8.2% Y/Y during the month.
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