Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

hhgregg Reports Gains in Appliance Market Share
May 24, 2012
 Printable format
 Email this Article
 Search

Appliance retailer hhgregg, Inc., said it gained market share in the fourth quarter of its fiscal year 2012. The retailer reported net income for its 2012 fiscal year, which ended March 31, 2012, of $81.4 million, up from $48.2 million in fiscal 2011. Fourth quarter one-off items, however, resulted in fiscal 2012 adjusted net income of $42.2 million, down 14.7% from the adjusted net income of 2011.

Hhgregg reported net income of $53.6 million for the fourth quarter of its 2012 fiscal year, which ended March 31, 2012, and is up from $14.6 million for the fourth quarter of fiscal 2011. After one-off charges, however, adjusted net income was $14.5 million, down 9.1% decrease from 3Q 2011 adjusted net income.

"Our fourth quarter results were driven by solid market share gains in the appliance and home office categories, offset by continued headwinds in the video category," said President and CEO Dennis May. "Through the launch of a number of strategic initiatives earlier this year, we continue to strengthen our positioning in appliances, expand our assortments in home office products and build our mobile business."

The retailer added a net 35 stores in fiscal 2012 and plans another 20-22 in 2013. Comparable stores sales were down 1.1% from the previous fiscal year.

Back to Daily News

 

Daily News

...........................................................

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: Consumer Confidence Index rebounds in October

Oct 29, 2014: New home sales up slightly in September 2014

Oct 29, 2014: Restaurant customers are using technology more frequently

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows