Hhgregg Inc. F3Q09 (Qtr End 12/31/08) Earnings Call Transcript

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2009-02-05 12:22:20.0

Tags: Forward-looking Statement, Call Transcript, Earnings, Investor Relations, Financial Accounting, GAAP, Finance, Seeking Alpha, hhgregg Inc.

Earnings Call Excerpt

Hhgregg Inc. (HGG)

F3Q09 Earnings Call

February 5, 2009 9:00 am ET

Executives

Jerry Throgmartin – Chairman, Chief Executive Officer

Dennis May – President, Chief Operating Officer

Don Van der Wiel – Chief Financial Officer

Andy Giesler – Director of Investor Relations

Analysts

Rick Nelson – Stephens Inc.

Mitchell Kaiser – Piper Jaffrey

Brad Thomas – KeyBanc

Brian Nagel – UBS

Gary Balter – Credit Suisse

David Magee – SunTrust Robinson Humphrey

Michael Lasser – Barclays

Presentation

Operator

Welcome to Hhgregg's third quarter earnings conference call for fiscal 2009. (Operator instructions) I will now turn the conference over to Andy Giesler, Director of Investor Relations for Hhgregg. Please go ahead.

Andy Giesler

With me today are Jerry Throgmartin, our Chairman and Chief Executive Officer, Dennis May, our President and Chief Operating Officer and Don Van der Wiel, our Chief Financial Officer.

During today's call, Jerry will make some opening comments, Dennis will provide highlights from our third quarter and Don will conclude with a discussion of our liquidity and capital resources and an update of our earnings guidance. At the end of our prepared comments, we will have until 10:00 am ET to discuss any questions that you might have.

Let me take a moment to reference the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. During this call we will make forward-looking statements which are subject to significant risks and uncertainties, which include the future operating and financial performance of the company. The company believes that the expectations reflected in these forward-looking statements are reasonable and can give no assurance that such expectations for any of its forward-looking statements will prove to be correct.

We refer you to today's earnings release, the MD&A section of our Form 10-Q and the risk factor section of our Form 10-K for additional discussion of these risks and uncertainties. In addition, we will discuss net income and earnings per diluted share as adjusted to primarily exclude the impact of the loss from the early extinguishment of debt from the debt refinancing completed in connection with our initial public offering in July 2007, all of which are considered non-GAAP measurements.

We use these measurements to highlight operating performance. Please refer to our reconciliation of net income and diluted earnings per share as adjusted in the non-GAAP disclosure section on our investor relations website, which can be accessed through www.hhgregg.com.

With that, I would like to turn the call over to Jerry.

 

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