hhgregg again reports zero operating income, net sales for October

By Caroline Salls

Pittsburgh, Nov. 14 – hhgregg, Inc. reported zero operating income, net sales and net income for October, the same as in September, according to its monthly operating report filed Nov. 13 with the U.S. Bankruptcy Court for the Southern District of Indiana.

In addition, the company had no cash in October or September.

The Gregg Appliances, Inc. debtor saw a $1.27 million operating loss and $1.64 million net loss for October on zero net sales.

In comparison, Gregg Appliances reported a $1.2 million operating loss and $324,000 net loss for October, also on zero net sales.

Greg Appliances listed negative $25,000 in cash as of Oct. 31, down from $360,000 at the end of September.

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

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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