Electronics and appliance retailer hhgregg Inc
Indianapolis-based hhgregg, which beat fourth-quarter estimates by a penny, sees full year earnings between 85 cents to $1.00 a share.
This would imply an expectation of a comparable store sales decline of 7 percent to 12 percent, the company said in a statement.
For the full year, analysts were expecting the company to earn $1.07 a share, before items, according to Reuters Estimates.
During the quarter, the regional retailer's business was helped by the closure of rival Circuit City Stores
For the fourth quarter ended May 31, hhgregg earned $13.9 million, or 42 cents a share, up from the $10.3 million, or 31 cents a share, in the year-ago quarter.
Net sales rose 12.5 percent to $364.9 million, even as comparable store sales fell 6.5 percent.
Shares of the company closed at $16.87 Monday on the New York Stock Exchange.
(Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Anil D'Silva)