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To: Bouf who wrote (70797)	4/23/1999 9:42:00 AM
From: Danny Song	Respond to of 119973

GoodGuys (GGUY) announced e-commerce, news... The good guys! Announces Second Quarter Results SAN FRANCISCO, April 23 /PRNewswire/ -- the good guys! (Nasdaq: GGUY - news) today announced a net loss of $7.2 million for its second fiscal quarter ended March 31, 1999 compared to a net loss of $2.0 million for the same period last year. The loss per share was $.50 on 14,508,000 weighted average shares outstanding compared to a loss of $.14 per share on 13,995,000 weighted average shares outstanding last year. As previously reported, sales for the second quarter of fiscal 1999 were $219.1 million, up 5% from $209.1 million in the second quarter of fiscal 1998. Comparable store sales for the quarter increased 1% from 1998 levels. For the first six months of fiscal 1999, the net loss was $5.6 million, compared to net income of $409,000 for the same period last year. The loss per share was $.39 on 14,378,000 weighted average shares outstanding in the first half of fiscal 1999, compared to net income of $.03 per share on 13,889,000 weighted average shares outstanding in the year-ago period. Sales for the first six months of fiscal 1999 were $513.2 million, a 3% increase from the $499.4 million reported last year. Comparable store sales for the first six months were level with the prior year. Commenting on the Company's performance, Robert A. Gunst, President and Chief Executive Officer, said, ''After a disappointing December quarter, we initiated steps to sharpen our cost structure and to approach our business somewhat more promotionally. These actions have resulted in improvements in many areas of our operations over the course of the second quarter, but are not yet reflected in our financial results. We expect to see the ongoing benefits from our cost structure improvement initiatives, and from the expected continued improvement in our sales trends, during the remainder of the fiscal year. ''During the second half of fiscal 1999, we are broadening our assortment of high quality audio/video furniture and improving our in-store merchandising and display of two key digital categories -- wireless phones and DirecTV -- to further drive high margin sales growth. By the end of the fiscal year, we will also offer complete online shopping on our Internet web site. This will enable us to market all our product categories much more broadly and, in the process, better service both our current customers and the vast market of online consumers.