Category: SGB Executive

Hibbett Sports Hikes Outlook After Q3 Beat

Hibbett Sports lifted its outlook for the year after reporting that underlying sales trends significantly improved in the third quarter. Comps were down 1.3 percent versus an 11.7 percent tumble in the second quarter with notable improvement in footwear, apparel and team equipment.

Foot Locker’s Shares Skyrocket On Hopeful Forecast 

Shares of Foot Locker Inc. vaulted $8.97, or 28.2 percent, to $40.82 on Friday after the sneaker powerhouse reported third-quarter earnings that topped Wall Street’s targets and indicated that results for the full year may exceed guidance. Foot Locker officials also outlined a number of steps it’s taking to revive top-line growth.

Athleta “On Fire” In Q3

“Simply put, Athleta is on fire,” said Art Peck, president and CEO, Gap Inc. “Top and bottom line momentum continues. We’re seeing exceptional growth outpacing the industry with operating margin expansion.”

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