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Three hhgregg debtors post operating results for month ended Feb. 28
By Sarah Lizee
Olympia, Wash., March 26 – hhgregg, Inc. reported zero operating income, net sales and net income for February, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of Indiana.
In addition, the company had no cash in February.
The Gregg Appliances, Inc. debtor saw a $126,000 operating income for February on zero net sales.
Gregg Appliances’ net income for February was also $126,000.
Also, Gregg Appliances listed $1.17 million in cash as of Feb. 28.
Meanwhile, the HHG Distributing, LLC debtor also showed no operating income, net income, sales or cash for January.
hhgregg is an Indianapolis-based specialty retailer of consumer electronics and home appliances. The company filed for bankruptcy on March 6, 2017 under Chapter 11 case number 17-01302.
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