Shares of Hibbett Inc. are down about 10 percent in mid-day trading Friday after the retailer reduced its full-year guidance as first-quarter sales missed plan and sales weakness continued into May. Promotions are expected at least through the third quarter to rebalance inventories. (Read More)
Hibbett, Inc. reported weaker-than-expected fiscal first-quarter earnings and narrowed its full-year guidance to reflect a more cautious consumer outlook. Mike Longo, President and Chief Executive Officer, ""Our consumers are facing a number of headwinds that range from inflation to concerns over outright job loss." (Read More)
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)
Hibbett, Inc. added Happy Returns’ Return Bars in its more than 1,100 Hibbett and City Gear specialty stores nationwide. Through the service, customers can make returns from hundreds of online retailers at Hibbett and City Gear stores in 36 states. (Read More)
Hibbett, Inc. reported that third-quarter EPS came in below Wall Street estimates partly due to increased apparel promotional activity. However, the retailer reiterated guidance for the full year as it expects growth to accelerate in the fourth quarter on strong demand for athletic footwear. (Read More)
Hibbett Inc. reported third-quarter results came in below Wall Street estimates with margins impacted by higher logistics and wage costs, but the retailer reiterated its outlook for the year. Comparable sales increased 9.9 percent versus the prior year and increased 51.7 percent compared to 2019 third quarter. (Read More)
Hibbett Inc. reported second-quarter earnings that fell short of analyst targets. However, the sporting goods chain raised its second-half comparable sales guidance due to improved inventories and favorable sales trends for the back-to-school shopping season to maintain its earnings guidance for the year. (Read More)
Hibbett Inc. reported second-quarter results that came in below Wall Street's targets as the chain was impacted by delayed back-to-school sales and high freight costs. Same-store sales declined 9.2 percent in the quarter. The retailer still maintained its EPS guidance for the year. (Read More)
Hibbett, Inc. announced the resignation of Jamere Jackson, effective June 9, 2022 and the appointment of Pamela Edwards to its Board of Directors, effective June 10, 2022. (Read More)
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 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)
According to a regulatory filing, Hibbett, Inc. modified its unsecured credit agreement with Regions Bank that expires July 9, 2026, to expand the limit to $125 million from $100 million. All covenants remain unchanged. (Read More)
Hibbett, Inc. has promoted Mike McAbee and Stephani Smith to SVP, supply chain and store development and SVP, merchandising, respectively. (Read More)
Hibbett, Inc. said fourth-quarter comps were negatively affected by 10 percent in the footwear category and 5 percent overall due to delivery delays. However, officials are bullish on a return to robust growth in the second half of 2022 due to improving inventory levels and strengthening partnerships with major vendors, including Nike. (Read More)
Hibbett Inc. reported fourth-quarter earnings declined 23.9 percent as same-store sales dipped 1.0 percent. Results and guidance were in line with an update given on February 18. (Read More)
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)
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)
Hibbett Inc. reported flat earnings in the third quarter ended October 30 as sales grew 15.2 percent against challenging comparisons in the year-ago period. Same-store sales in the third quarter climbed 13.0 percent against a 37.4 percent jump a year ago. Hibbett again raised its full-year guidance as results topped Wall Street's targets. (Read More)
Hibbett announced the opening of its newest location in the mid-cities suburb of Grand Prairie located between Dallas and Fort Worth, TX. (Read More)
Hibbett announced the opening of its second Kansas City store. The store is located at 8678 E. 63rd Street in the Brywood Center, Kansas City. (Read More)