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hhgregg operating loss grows to $42.33 million in May; sales decline
By Caroline Salls
Pittsburgh, June 30 – hhgregg, Inc. reported a $42.33 million operating loss for May on $36.31 million in net sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of Indiana.
In comparison, hhgregg posted a $39.58 million operating loss for April on $72.42 million in net sales.
The net loss for May was $96.07 million, widening from a $47.77 million April net loss.
In addition, hhgregg had $2.48 million in cash as of May 31, up from $1.69 million at the end of April.
hhgregg is an Indianapolis-based specialty retailer of consumer electronics and home appliances. The company filed bankruptcy on March 6 under Chapter 11 case number 17-01302.
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