hhgregg, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company's net sales were $452.8 million compared with $593.2 million a year ago. Loss from operations was $57.2 million compared with $24.94 million a year ago. Loss before income taxes was $58.3 million compared with $25.7 million a year ago. Net loss was $58.3 million or $2.10 per basic and diluted share compared with $26.9 million or $0.97 per basic and diluted share a year ago. Net loss, as adjusted was $47.3 million or $1.70 per basic and diluted share compared with $4.3 million or $0.15 per basic and diluted share a year ago. EBITDA loss was $50.2 million compared with $16.6 million a year ago. Adjusted EBITDA loss was $39.2 million compared with adjusted EBITDA of $4.8 million a year ago.

For the nine months, the company's net sales were $1,330.9 million compared with $1,521.2 million a year ago. Loss from operations was $81.1 million compared with $42.6 million a year ago. Loss before income taxes was $83.9 million compared with $44.5 million a year ago. Net loss was $83.9 million or $3.02 per basic and diluted share compared with $45.8 million or $1.65 per basic and diluted share a year ago. Net cash used in operating activities was $0.7 million compared with $12.2 million a year ago. Purchases of property and equipment were $18.5 million compared with $10.4 million a year ago. Net loss, as adjusted was $67.2 million or $2.42 per basic and diluted share compared with $18.8 million or $0.68 per basic and diluted share a year ago. EBITDA loss was $60.0 million compared with $17.5 million a year ago. Adjusted EBITDA loss was $43.4 million compared with adjusted EBITDA of $8.2 million a year ago.

The company announced asset impairment charges of $7.9 million for the third quarter ended December 31, 2016.