Three hhgregg debtors post operating results for month ended Feb. 29

By Caroline Salls

Pittsburgh, March 31 – hhgregg, Inc. reported zero operating income, net sales and net income for February, the same as in January, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Indiana.

In addition, the company had no cash in February or January.

The Gregg Appliances Inc. debtor saw an $89,000 operating loss for February on zero net sales. The operating loss for January was $157,000, also on zero net sales.

Gregg Appliances posted $7,000 of net income for February, improving from a $1.08 million January net loss.

Also, Gregg Appliances listed $5.05 million in cash as of Feb. 29, up slightly from $5.02 million at the end of January.

Meanwhile, the HHG Distributing LLC debtor also showed no operating income, net income, sales or cash for February or 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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