Search Results for: hibbett

EXEC: Hibbett Posts Double-Digit Q4 Comp Growth; EPS Falls Just Short Of Guidance

EXEC: Hibbett Posts Double-Digit Q4 Comp Growth; EPS Falls Just Short Of Guidance

Hibbett, Inc. reported comp-store sales increased 15.5 percent versus the prior-year period and increased 39.6 percent compared to the 13 weeks ended February 1, 2020. Earnings for the quarter and guidance for the current year slightly trailed Wall Street's targets. CEO Mike Longo told analysts, "These results came from strong demand for our popular footwear brands and a recovery in inventory levels.” (Read More)

EXEC: Hibbett Remains Bullish On Second-Half Sales Recovery

EXEC: Hibbett Remains Bullish On Second-Half Sales Recovery

Hibbett, Inc. reported that first-quarter earnings were in line with expectations but down against a year-ago period that was boosted by federal stimulus spending. However, improving inventory levels encouraged Hibbett officials to reiterate its outlook for the year calling for a return to growth in the second half. Inflationary pressures also aren’t considered much of a concern. (Read More)

Hibbett Reiterates FY Guidance After Challenging First Quarter

Hibbett Reiterates FY Guidance After Challenging First Quarter

Hibbett Inc., as expected, reported first-quarter results well below year-ago levels that were also just short of Wall Street's consensus targets. Hibbett said results were in line with internal plans while reiterating full-year guidance. Comps were down 18.9 percent year over year but ahead 22.9 percent against the pre-pandemic first quarter of 2019. (Read More)

Hibbett Sees Q4 Results Coming In Below Guidance

Hibbett Sees Q4 Results Coming In Below Guidance

Hibbett, Inc. said fourth-quarter results will come in below guidance due to lower traffic and transaction counts in the back half of the quarter. EPS is now expected in the range of $1.18 to $1.25 against guidance of $1.85 to $2.05. Same-store sales decreased 1.0 percent which is below guidance of positive high single-digit comp sales. (Read More)

Inside The Call: Hibbett Credits Strengthening Vendor Partnerships For Continued Quarterly Gains

Inside The Call: Hibbett Credits Strengthening Vendor Partnerships For Continued Quarterly Gains

Hibbett Inc. raised its outlook for the year after reporting its fifth straight robust quarter that topped Wall Street’s targets. Mike Longo, CEO and president, told analysts a focus on positioning stores in underserved communities is helping Hibbett secure products from major vendors in an inventory-constrained environment. Inventories were up 22.8 percent. (Read More)

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