New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
Home >> Sony, Sharp, hhgregg Post Losses
New York - Sony, Sharp Electronics and hhgregg all reported losses today for their respective fiscal first quarters, which ended June 30.
Sony posted a net loss of 24.6 billion yen ($312 million) which was 9.1 billion yen deeper than the prior year's fiscal first quarter. Corporate sales were up 1.4 percent to 1,515.2 billion yen ($19.2 billion) compared with the prior year.
Sharp Electronics reported a loss of 138.4 billion yen ($1.8 billion) in its first quarter compared with the prior year's 49.3 billion yen loss. Net sales were 458.6 billion yen, 182 billion yen lower than last year's fiscal first quarter.
hhgregg reported a net loss of $5.7 million for the quarter compared with an $800,000 loss in the prior year's opening quarter. The increase in the net loss was the result of a comparable-store sales decrease of 5.1 percent. Overall sales were up 13.5 percent for the quarter.
Visit TWICE.com for further details on these three stories.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.