Identify a public company in the food industry. Analyze the financial statements

Question

• Identify a public company in the food industry.
• Analyze the financial statements, and assess whether the financial performance has improved or declined year-over-year.
  • Comparative financial statements
  • Trend analysis
  • Ratio analysis
  • Percentage analysis
• PowerPoint slides that include the following
  • At least 3 slides relevant to the analysis prepared
    • An analysis of the performance of the firm based on the analysis tools used
    • A summary of the company's financial performance and assessment of whether it has improved or declined year-over-year in terms of profitability, asset utilization, and liquidity

Explanation / Answer

HHgregg, Inc (Ticker Name: HGG)

Company Description

HHgregg Inc. was founded in 1955 by Henry Harold and Fansy Gregg. Headquartered in Indianapolis, Indiana, hhgregg got listed in 2007. It is a specialty retailer of consumer electronics and home appliances. It has three revenue categories. They are:

Video: includes video products such as LED televisions, blu-ray players of the top-most brands of the industry. The second segment Appliances: includes latest generation refrigerators, cooking ranges, dishwashers and dryers under a variety of leading brand names. The third segment is Other: which includes audio products, notebooks, computers, mattresses and other popular electronics and accessories. The business model of the company centers on its competent sales force and its strong market share in appliances and large screen television category. HGG is more dominant in the southern part of the U.S. with its strong presence in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, North Carolina and New Jersey among other states.

Investment Summary

Differential Business-Model: HGG differentiates its category of service from its peers Best Buy and Wal-mart by surpassing them on the customer service front. An employee base with 200 hours of product training each year makes its sales force proficient to cross sell its products and increase sales conversions. Employees are paid largely by commission which leads to a more motivated sales force. HGG focuses more on appliance sales and at times have pushed higher-end electronics faster than Best Buy. HGG introduced certain LED television models in its stores in January 2011 before Best Buy. In addition, HGG vouches a 110% price match guarantee on its products. HGG promises to take off another 10% on price, if consumers get the product at a lower price than that offered at HGG stores. Further, HGG couples it deal with great delivery policy. A same day delivery is offered on most items. The company has a culture to call 40 minutes ahead of time to check on the customers

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