Hibbett, Inc. reported that third-quarter EPS came in below Wall Street estimates partly due to increased apparel promotional activity. However, the retailer reiterated guidance for the full year as it expects growth to accelerate in the fourth quarter on strong demand for athletic footwear.
Results for "hibbett"
We found 583 results for your search.
Hibbett Reiterates FY Outlook Despite Q3 Shortfall
Hibbett Inc. reported third-quarter results came in below Wall Street estimates with margins impacted by higher logistics and wage costs, but the retailer reiterated its outlook for the year. Comparable sales increased 9.9 percent versus the prior year and increased 51.7 percent compared to 2019 third quarter.
EXEC: Hibbett Eyes Robust Return To Growth In Second Half
Hibbett Inc. reported second-quarter earnings that fell short of analyst targets. However, the sporting goods chain raised its second-half comparable sales guidance due to improved inventories and favorable sales trends for the back-to-school shopping season to maintain its earnings guidance for the year.
Hibbett’s Q2 Misses Analyst Estimates
Hibbett Inc. reported second-quarter results that came in below Wall Street’s targets as the chain was impacted by delayed back-to-school sales and high freight costs. Same-store sales declined 9.2 percent in the quarter. The retailer still maintained its EPS guidance for the year.
Hibbett Announces Changes To Board
Hibbett, Inc. announced the resignation of Jamere Jackson, effective June 9, 2022 and the appointment of Pamela Edwards to its Board of Directors, effective June 10, 2022.
EXEC: Hibbett Remains Bullish On Second-Half Sales Recovery
Hibbett, Inc. reported that first-quarter earnings were in line with expectations but down against a year-ago period that was boosted by federal stimulus spending. However, improving inventory levels encouraged Hibbett officials to reiterate its outlook for the year calling for a return to growth in the second half. Inflationary pressures also aren’t considered much of a concern.
Hibbett Reiterates FY Guidance After Challenging First Quarter
Hibbett Inc., as expected, reported first-quarter results well below year-ago levels that were also just short of Wall Street’s consensus targets. Hibbett said results were in line with internal plans while reiterating full-year guidance. Comps were down 18.9 percent year over year but ahead 22.9 percent against the pre-pandemic first quarter of 2019.
Hibbett Expands, Amends Credit Line
According to a regulatory filing, Hibbett, Inc. modified its unsecured credit agreement with Regions Bank that expires July 9, 2026, to expand the limit to $125 million from $100 million. All covenants remain unchanged.
Hibbett Promotes Supply Chain And Merchandising Veterans
Hibbett, Inc. has promoted Mike McAbee and Stephani Smith to SVP, supply chain and store development and SVP, merchandising, respectively.
Inside The Call: Hibbett Eyes Strong Return To Growth In Second Half
Hibbett, Inc. said fourth-quarter comps were negatively affected by 10 percent in the footwear category and 5 percent overall due to delivery delays. However, officials are bullish on a return to robust growth in the second half of 2022 due to improving inventory levels and strengthening partnerships with major vendors, including Nike.
Hibbett’s Q4 Comps Dip 1 Percent
Hibbett Inc. reported fourth-quarter earnings declined 23.9 percent as same-store sales dipped 1.0 percent. Results and guidance were in line with an update given on February 18.
Hibbett Sees Q4 Results Coming In Below Guidance
Hibbett, Inc. said fourth-quarter results will come in below guidance due to lower traffic and transaction counts in the back half of the quarter. EPS is now expected in the range of $1.18 to $1.25 against guidance of $1.85 to $2.05. Same-store sales decreased 1.0 percent which is below guidance of positive high single-digit comp sales.
Inside The Call: Hibbett Credits Strengthening Vendor Partnerships For Continued Quarterly Gains
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.
Hibbett’s Q3 Comps Gain 13 Percent
Hibbett Inc. reported flat earnings in the third quarter ended October 30 as sales grew 15.2 percent against challenging comparisons in the year-ago period. Same-store sales in the third quarter climbed 13.0 percent against a 37.4 percent jump a year ago. Hibbett again raised its full-year guidance as results topped Wall Street’s targets.
Hibbett Opens Location In Grand Prairie
Hibbett announced the opening of its newest location in the mid-cities suburb of Grand Prairie located between Dallas and Fort Worth, TX.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal