Sports/Fitness Trade

Hibbett Sports’ Q4 Blows Past Estimates

Hibbett Sports’ Q4 Blows Past Estimates

Hibbett Sports, Inc. reported fourth-quarter earnings rose slightly but came in well above Wall Street's targets. The retailer also announced plans to close 95 stores this year as part of an "accelerated store closure plan" and a transition plan with the pending retirement of CEO Jeff Rosenthal. (Read More)

Hibbett Announces CEO Transition Plan

Hibbett Sports Inc. announced the planned retirement of Jeff Rosenthal, president and chief executive officer. The Board will commence a search process to identify the company’s next CEO, and Rosenthal will remain at the company in his CEO capacity until a successor is named. (Read More)

Nike’s Q3 Earnings Top Estimates On Digital Momentum

Nike’s Q3 Earnings Top Estimates On Digital Momentum

Nike Inc. reported quarterly earnings that slightly topped analysts’ expectations and sales that were in-line. The 7-percent revenue growth was driven by broad-based strength across all geographies as well as Nike Direct, led by digital. By region, the gains were led by Greater China, up 23 percent; followed by EMEA, 9 percent; and North America, 7 percent. (Read More)

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