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hhgregg, Inc. Message Board

  • taexpert928 taexpert928 Aug 2, 2012 9:46 AM Flag

    Guidance: Average $0.98 vs. estimate of $0.93 (5% BETTER)

    Guidance
    Consistent with the Company’s pre-release on July 10, 2012, the Company expects net income per diluted share will be within a range of $0.90 to $1.05 for fiscal 2013.
    Included in the Company's guidance are the following annual assumptions:
    fiscal 2013 comparable store sales of negative 6% to negative 4%
    fiscal 2013 net sales increase of 3% to 6%
    20 to 22 new store openings in fiscal 2013
    the impact of fiscal first quarter share repurchase activity of 1.1 million shares at a cost of $11.2 million
    Jeremy Aguilar, Chief Financial Officer commented, “Though our industries have been challenged over the past several years, we have consistently maintained a solid liquidity position, with no long-term debt. Despite a volatile sales environment, we have been able to manage our inventory very well and are pleased with our current inventory levels. We continue to remain focused on driving long term shareholder value while maintaining a strong liquidity position.”

    http://finance.yahoo.com/news/hhgregg-announces-first-fiscal-quarter-110000641.html

 
HGG
3.45+0.17(+5.18%)Jul 2 4:02 PMEDT