Hibbett Sports Q1 Operating Earnings Slide

Hibbett Sports Inc. reported operating earnings slid 16 percent in the first quarter as comps dipped 0.3 percent and both margins and the chain’s expense rate eroded. Hibbett said results exceeded the company’s internal plan and gross margin improvement was seen in April.

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Foot Locker Q1 Blows Past Q1 Estimates

Foot Locker Inc. reported earnings before charges slid 3.3 percent in the first quarter, but came in well ahead of Wall Street’s targets. Dick Johnson, Foot Locker’s CEO, said in a statement, “The flow of premium product continues to improve, with increasing breadth and depth in the most sought after styles from our key vendors.”

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Deckers Brands Crushes Income, Revenue Estimates

Footwear, apparel and accessories company Deckers Brands reported fourth-quarter net income of $29.7 million, or diluted earnings per share of 66 cents, up from last year’s Q4 loss of $12 million, or (49) cents per share, and beating analysts’ estimates by 31 cents per share.

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Report: Nike To Replace Under Armour In MLB Deal

Nike Inc. is close to striking a deal to continue as Major League Baseball’s on-field apparel suppler in the 2020 season, according to a report from SportsBusiness Daily. Under Armour was expected to assume on-field rights from Nike in 2020.

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