Hibbett Sports net sales for the 14 week fourth quarter of 2006 increased 25.1% to $151.2 million compared with $120.8 million for the 13-week quarter last year. Comparable store sales increased 5.9% for the comparable 13-week period. Net income increased 27.4% to $12.6 million compared with $9.9 million. Earnings per diluted share for the 14-week period ended February 3, 2007, increased 34.5% to 39 cents compared with 29 cents per diluted share last year.

Earnings for the fourth quarter of fiscal 2007 included an approximate $0.03 per diluted share impact from a negative tax adjustment.

Net sales for the 53-week fiscal year ended February 3, 2007, increased 16.3% to $512.1 million compared with $440.3 million for the 52-week period ended January 28, 2006. Comparable store sales for the year increased 3.8% for the comparable 52-week period of fiscal 2007. Net income for the 53-week fiscal year ended February 3, 2007, increased 13.2% to $38.1 million compared with $33.6 million for the 52-week period ended January 28, 2006. Earnings per diluted share for the 53-week fiscal year increased 19.4% to $1.17 from $0.98 per diluted share for the 52-week period ended January 28, 2006.

For the quarter, Hibbett opened 25 new stores and closed 2 stores. For the year, Hibbett opened 74 new stores and closed 10 stores, bringing the total to 613 stores in 23 states. The Company plans to open a net of approximately 85 to 90 new stores in fiscal 2008.

Mickey Newsome, Chairman and Chief Executive Officer, stated, “Based on the strong sales we enjoyed in activewear, licensed apparel, youth footwear and team sports equipment, we were able to reach a record operating margin of 14.3% in the fourth quarter – a 190-basis point improvement from the previous year. This sales and margin growth was primarily driven by a customer-focused selling team, the continued leveraging of expenses and a well executed merchandise plan that did not rely heavily on promotions.”

“The fourth quarter capped off another exceptional year for Hibbett. We posted a 19.4% increase in earnings per share for fiscal 2007 on 16.3% sales growth, increased the operating margin from 11.8% to 12.1% and grew the store base by nearly 12%. We expect to deliver another strong year in fiscal 2008.”

For the first quarter ending May 5, 2007, the Company expects to report earnings per diluted share of approximately $0.32 to $0.35 and a comparable fiscal store sales decrease of approximately 1% to 3%. We expect a slight comparable store sales increase on a calendar basis of up to 2%. Guidance for the 52-week period ending February 2, 2008, is estimated at approximately $1.30 to $1.35 per diluted share and a comparable store sales increase in the 2% to 4% range.

Based on the shift of the first week in February from fiscal 2008 into fiscal 2007, which accounted for approximately $0.02 to $0.03 per share in earnings, and the movement of approximately $0.02 in stock compensation expense from the fourth quarter into the first quarter of fiscal 2008, the Company believes comparing the first 26 weeks of fiscal 2008 with fiscal 2007 is a more meaningful comparison. The Company expects to report earnings per diluted share of approximately $0.54 to $0.57 per share in the first half of fiscal 2008 compared with $0.47 per share in the first half of fiscal 2007 with a comparable fiscal store sales increase of up to 4% and a comparable calendar store sales increase in the low single digits.

                HIBBETT SPORTS, INC. AND SUBSIDIARIES
      Unaudited Condensed Consolidated Statements of Operations
               (in thousands, except per share amounts)

                        14 Weeks    13 Weeks    53 Weeks    52 Weeks
                          Ended       Ended       Ended       Ended
                       February 3, January 28, February 3, January 28,
                          2007        2006        2007        2006
                       ----------- ----------- ----------- -----------
Net sales                $151,159    $120,827    $512,094    $440,269
Cost of goods sold,
 including warehouse,
 distribution, and
 store occupancy costs     97,926      80,156     338,963     293,368
                       ----------- ----------- ----------- -----------
     Gross profit          53,233      40,671     173,131     146,901
Store operating,
 selling, and
 administrative
 expenses                  28,877      23,057     100,461      85,060
Depreciation and
 amortization               2,780       2,601      10,932      10,119
                       ----------- ----------- ----------- -----------
     Operating income      21,576      15,013      61,738      51,722
Interest income, net          209         250         876       1,146
                       ----------- ----------- ----------- -----------
     Income before
      provision for
      income taxes         21,785      15,263      62,614      52,868
Provision for income
 taxes                      9,181       5,368      24,541      19,244
                       ----------- ----------- ----------- -----------
     Net income           $12,604      $9,895     $38,073     $33,624
                       =========== =========== =========== ===========
Net Income per common
 share:
     Basic earnings
      per share             $0.40       $0.30       $1.19       $1.00
                       =========== =========== =========== ===========
     Diluted earnings
      per share             $0.39       $0.29       $1.17       $0.98
                       =========== =========== =========== ===========
Weighted average
 shares outstanding:
     Basic                 31,739      32,812      32,094      33,606
                       =========== =========== =========== ===========
     Diluted               32,278      33,578      32,620      34,393
                       =========== =========== =========== ===========