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)
Tilly’s Inc. racked up its third consecutive quarter of record quarterly net sales and EPS with results easily exceeding Wall Street targets. Same-store sales rose 27.4 percent compared to the pre-pandemic third quarter of fiscal 2019, led by double-digit percentages gains in women's, men's, girls' and accessories. (Read More)
Zumiez Inc. managed to increase earnings in the third quarter despite challenging year-ago comparisons as strength in men's and footwear drove sales gains and product margins improved slightly. Rick Brooks, CEO, on Zumiez analyst call, “Our third quarter was a historic one." (Read More)
Smith & Wesson Brands Inc. fell far short of Wall Street expectations in their fiscal second quarter as sales decreased versus the year-ago quarter amid reduced consumer demand and fuller inventories at retail. (Read More)
Boosted by significantly improved gross margins, Duluth Trading’s earnings more than tripled in the third quarter as sales grew 7.2 percent. The company sharply raised its guidance for the year and indicated progress is being made with its new Big Dam Blueprint long-range growth plan. (Read More)
