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hhgregg, Inc. Message Board

  • capital_4_gains capital_4_gains May 26, 2011 8:38 AM Flag

    Top View Perspective on HGG

    When you back away from the clutter, here is the simple recap of what ManagemeWhent accomplished in 2011 Vs. 2010:

    Sales grew from $1.5B to $2.1B.

    Gross Margins as a % of sales were essentially flat at just north of 30%.

    SG&A + Advertising (Combined) were flat at 24.9% of sales.

    Bottom line is flat operating margins on a huge sales increase.

    Because it is so small, HGG can continue to add 30-40 stores per year for many years.

    It will really pop when the economy improves and when the next product cycle ramps up.

 
HGG
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