hhgregg Inc. (HGG) reported that its third-quarter net income increased to $22.735 million or $0.57 per share from $17.120 million or $0.52 per share last year.
On average, 15 analysts polled by Thomson Reuters expected the company to report profit of $0.45 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales increased to $500.392 million from $416.106 million prior year. Analysts expected revenue of $466.49 million for the quarter.
Comparable store sales decreased 0.2%.
The company has reiterated fiscal 2010 net sales growth guidance of 6% to 9%, which implies an annual comparable store sales guidance of decline of 6% to decline of 9%, and its range of net income per share guidance of $0.90 to $1.00.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.