hhgregg, Inc. (NYSE:HGG) Files An 8-K Results of Operations and Financial Condition
Item 2.02.
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Results of Operations and Financial Condition
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release announcing preliminary net sales results for the three
months ended December 31, 2016. The Registrant also announced
details of its fiscal third quarter conference call. The press
release is attached hereto as Exhibit 99.1 and is incorporated by
reference into this item.
shall not be deemed filed for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject
to the liabilities of that Section. The information in this Item
2.02 shall not be incorporated by reference into any registration
statement or other document to the Securities Act of 1933, as
amended, except as shall be expressly set forth by specific
reference in any such filing.
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Item 2.06.
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Material Impairments
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incur a non-cash charge related to impairment of certain
locations in the quarter ended December 31, 2016. The impairment
charge is based on current trends in certain under-performing
markets and the lack of visibility to the recoverability of the
assets associated with those locations. The Company expects the
impact of this non-cash pre-tax charge to be in the range of $7
million to $12 million and is currently finalizing that
determination.
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Item 9.01.
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Financial Statements and Exhibits
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Exhibit No.
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Description
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99.1
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Press release of hhgregg, Inc. dated January 9, 2017
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About hhgregg, Inc. (NYSE:HGG)
hhgregg, Inc. (hhgregg) is an appliance, electronics and furniture retailer. The Company operates as a multi-regional retailer with approximately 230 brick-and-mortar stores in 20 states that also offer global and local brands across the nation through hhgregg.com. It also sells a suite of services, including third-party premium service plans (PSPs), third-party in-home service and repair of its products, delivery and installation, and in-home repair and maintenance. The Company sells a range of appliances, audio products, computers, consumer electronics, mattresses and tablets. The Company sells appliances, including washers and dryers, refrigerators, cooking ranges, dishwashers, freezers and air conditioners; consumer electronics, including televisions, Blu-Ray and digital versatile disc (DVD) players, audio and small electronics; computers and tablets, including computers, computer accessories and tablets, and home products, including bedding and home furniture. hhgregg, Inc. (NYSE:HGG) Recent Trading Information
hhgregg, Inc. (NYSE:HGG) closed its last trading session down -0.03 at 1.31 with 78,150 shares trading hands.
