Hibbett Sports

Hibbett, Inc. engages in the provision of sporting goods business. Its stores are operating under the Hibbett Sporting Goods and City Gear banners and an omni-channel platform. The firm features a core selection of brand name merchandise emphasizing athletic footwear, athletic and fashion apparel, team sports equipment and related accessories. The company was founded in 1945 and is headquartered in Birmingham, AL.

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Hibbett Inc. reports strong Q1 sales growth despite retail challenges

Hibbett Inc. reported strong sales growth and comp sales increase despite a challenging retail environment. The company is actively addressing cost reduction and expects a lift in margins in the back half of the year. However, challenges in apparel and team sports sales, along with a tough sales environment, are areas of concern.

Hibbett reports Q2 performance, focuses on efficiency and strategic positioning

Hibbett's Q2 performance faced challenges in certain categories and economic concerns, but the company remains focused on efficiency, cost management, and strategic positioning in underserved markets. The potential impact of college football season and increased support from brand partners present opportunities for growth.

Hibbett reports strong Q3 performance, focuses on expense management

Hibbett's Q3 performance was marked by strong sales in footwear and back-to-school season, but challenges in apparel and inventory management. The company is focused on expense management, reinvesting savings, and driving efficiency. Opportunities exist in holiday spending and the growth of the women's business.

Hibbett Sports excels in Q4, eyes growth amidst challenges

Hibbett Sports' Q4 performance was robust, driven by strong sales growth and profitability improvements.
While facing challenges like inventory increases and weaker apparel performance, the company is poised for growth.
Opportunities lie in optimizing supply chains, enhancing operating leverage, and capitalizing on market share gains.
Guidance for FY2024 reflects a focus on cost savings, new store openings, and navigating consumer environment uncertainties.

Hibbett Sports reports solid Q1 performance amidst challenges and opportunities

Hibbett Sports delivered a solid Q1 performance with strong footwear growth but faced challenges in apparel and team sports categories.
The company is actively managing costs and focusing on new store development to drive growth.
Despite facing inflation and tough sales environment, Hibbett Sports is optimistic about margin improvement and cost-cutting opportunities.

Hibbett Sports reports solid Q2 performance amidst sales challenges

Hibbett Sports navigated challenges in sales with a focus on competitive strengths and growth opportunities. Despite financial decreases, the company remains optimistic about future performance, emphasizing new market entries and operational efficiency.

Hibbett Sports excels in Q3, eyes e-commerce growth and customer loyalty

Hibbett Sports demonstrated resilience and strategic focus in Q3, leveraging strengths in e-commerce, expense management, and customer loyalty to drive financial performance.
While facing challenges in gross margin and inventory management, the company is well-positioned to capitalize on opportunities in e-commerce growth, women's business, and consumer engagement.
By maintaining a strong operational focus and capitalizing on market trends, Hibbett Sports aims to sustain its growth trajectory and enhance customer relationships for continued success.
Investors can look forward to a promising outlook with adjusted guidance, emphasizing a commitment to profitability and strategic expansion in both physical and online retail channels.

Hibbett Sports achieves record sales in Q4 '24, focuses on digital growth and store expansion

Hibbett Sports delivered a solid financial performance in Q4 '24, setting a new sales record and focusing on footwear sales and loyalty program growth. While facing challenges with gross margin and wage pressures, the company capitalized on its digital presence and store expansion. Opportunities exist in enhancing omnichannel efforts and innovating launch processes for continued growth.

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Hibbett Sports retails sporting products. The company operates small to midsize stores in the South, Southwest, Mid-Atlantic, and Midwest regions of the country. It sells a wide variety of sporting items, such as apparel, footwear, accessories, and team sports equipment.

Hibbett (HIBB) is reeling under higher promotions, weak consumer confidence and inflation. Its strong back-to-school season and solid online show act as tailwinds.

Can Online & Store Efforts Aid Hibbett (HIBB) Amid Inflation?

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Dick's Sporting Goods, Hibbett, and Academy Sports: Which Is the Best Stock for Investors Right Now?

Hibbett's (HIBB) Q2 results reflect higher promotions, weak consumer confidence and inflation. Its strong back-to-school season and improved product assortment have been tailwinds.

Hibbett (HIBB) Q2 Earnings Surpass, Sales Miss Estimates

Hibbett, Inc. (NASDAQ:HIBB ) Q2 2024 Earnings Conference Call August 25, 2023 10:00 AM ET Company Participants Gavin Bell - Vice President, Investor Relations Mike Longo - President and Chief Executive Officer Jared Briskin - Executive Vice President, Merchandising Bob Volke - Senior Vice President and Chief Financial Officer Bill Quinn - Senior Vice President of Marketing and Digital Ben Knighten - Senior Vice President of Operations Conference Call Participants Mitch Kummetz - Seaport Research Justin Kleber - Baird Sam Poser - Williams Trading Cristina Fernandez - Telsey Advisory Group John Lawrence - Benchmark Company Anna Glaessgen - B. Riley Alex Perry - Bank of America Operator Greeting and welcome to Hibbett Second Quarter Fiscal 2024 Earnings Conference Call.

Hibbett, Inc. (HIBB) Q2 2024 Earnings Call Transcript

Investors have been selling Hibbett stock because of headwinds in the athletic retail space. Hibbett is facing headwinds, but its financial results were stronger than expected, and management still expects a healthy full-year profit.

Here's Why Hibbett Stock Soared Today

Better-than-feared would be how the market saw Hibbett Inc (NASDAQ:HIBB) quarterly results on Friday as the sports retailer's stock rallied in early deals. The parent company for Hibbett Sporting Goods reported a 7.6% drop in same store sales, whilst total sales were down 4.6% at $374.9 million.

Hibbett Sporting Goods gets relief rally on ‘better-than-feared' financials

Hibbett (HIBB) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $1.86 per share a year ago.

Hibbett (HIBB) Surpasses Q2 Earnings Estimates

Hibbett Inc.'s stock HIBB, -1.76% soared 5% in premarket trade Friday, after the sporting goods retailer beat profit estimates for the second quarter and reiterated its full-year guidance. Birmingham, Alabama-based Hibbett posted net income of $10.9 million, or 85 cents a share, compared with $24.7 million, or $1.86 a share, in the year-earlier period.

Hibbett's stock pops 5% premarket after profit beat and as company backs guidance

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Hibbett, Inc. (Nasdaq/GS: HIBB), an athletic-inspired fashion retailer, today provided financial results for its second quarter ended July 29, 2023, and business updates. Mike Longo, President and Chief Executive Officer, stated, “We are pleased with our performance for the second quarter of Fiscal 2024. Our business model focuses on providing an exceptional consumer experience in underserved markets and produced solid financial results despite a challenging r.

Hibbett Reports Second Quarter Results

Hibbett's (HIBB) Q2 results are expected to reflect impacts of inflation, higher interest rates and weak consumer demand. However, its store efforts and solid online show are likely to have aided.

What You Need to Know Ahead of Hibbett (HIBB) Q2 Earnings

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Hibbett is currently trading at 6.5x the low point of recently lowered FY2024 EPS guidance. This low multiple can be attributed to Hibbett's declining comparable same-store sales growth, which is occurring while management is maintaining a high level of capital expenditures. Additionally, it seems investors are currently not very enthusiastic for small-cap stocks as large-caps are usually deemed safer in times of uncertainty.

Hibbett: The Market Is Ignoring A Valuable Asset

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Hibbett, Inc. (Nasdaq/GS: HIBB), an athletic-inspired fashion retailer, today announced details for the release of its results for the second quarter ended July 29, 2023. Hibbett plans to issue its second quarter fiscal 2024 earnings release before the market opens on Friday, August 25, 2023, and will host a live, interactive webcast later that same day at 10:00 a.m. ET. The webcast of Hibbett's quarterly earnings review will be available online at https://inv.

Hibbett Announces Second Quarter Fiscal 2024 Earnings Release and Webcast Details

Hibbett, a retail chain selling athletic apparel, footwear, and accessories, has a steady growth history and is expected to continue growing with new stores and an expanding ecommerce channel. Despite a turbulent earnings history due to Covid-related stimulus checks, Hibbett's current valuation suggests it could be a fruitful investment, with a potential upside of 86% from its current price. Risks include a prolonged period of weak consumer sentiment, changing fashion trends, and the possibility of EBIT margins falling to pre-Covid levels, which would make the company less attractive as an investment.

Hibbett: A Bargain If Risks Don't Implode

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Hibbett, Inc. caught my eye with its decent fundamentals and seemingly bargain-level share price. The company surged in growth during the pandemic due to the inaccessibility of indoor activities that pushed customers outside. Hibbett produced solid revenue growth over the past ten years, but continued negative earnings growth is forecast as the COVID effect subsides.

Hibbett Real Value Analyzed

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Bear of the Day: Hibbet Sports (HIBB)

Hibbett's (HIBB) Q1 results reflect higher interest rates, weak consumer confidence and inflation. Its store growth plan and improved product assortment have been tailwinds.

Hibbett (HIBB) Q1 Earnings & Sales Miss Estimates on Inflation

Hibbett, Inc. (NASDAQ:HIBB ) Q1 2023 Results Conference Call May 26, 2023 10:00 AM ET Company Participants Gavin Bell - Vice President, Investor Relations Mike Longo - President, Chief Executive Officer Jared Briskin - Executive Vice President, Merchandising Bob Volke - Senior Vice President, Chief Financial Officer Bill Quinn - Senior Vice President of Marketing and Digital Ben Knighten - Senior Vice President of Operations Conference Call Participants Mitch Kummetz - Seaport Research Alex Perry - Bank of America Sam Poser - Williams Trading Cristina Fernandez - Telsey Advisory Group Justin Kebler - Baird John Lawrence - The Benchmark Company Operator Greetings. Welcome to Hibbett Inc., First Quarter Earnings Call.

Hibbett, Inc. (HIBB) Q1 2023 Earnings Call Transcript

Hibbett (HIBB) came out with quarterly earnings of $2.74 per share, missing the Zacks Consensus Estimate of $2.98 per share. This compares to earnings of $2.89 per share a year ago.

Hibbett (HIBB) Lags Q1 Earnings Estimates

Hibbett Inc.'s stock HIBB, -2.56% fell 5% premarket Friday, after the sporting goods retailer posted weaker-than-expected fiscal first-quarter earnings and cut its full-year guidance, as its customer continues to grapple with inflation. “Our consumers are facing a number of headwinds that range from inflation to concerns over outright job loss.

Hibbett stock slides 5% premarket after earnings fall short and company lowers guidance

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Hibbett, Inc. (Nasdaq/GS: HIBB), an athletic-inspired fashion retailer, today provided financial results for its first quarter ended April 29, 2023, and business updates. Mike Longo, President and Chief Executive Officer, stated, “Hibbett posted solid sales results in a challenging environment, delivering a 4.1% comparable sales increase and a total sales increase of 7.4% versus last year. We maintain very good relationships with our valued brand partners that.

Hibbett Reports First Quarter Results

Hibbett's (HIBB) Q1 results are expected to reflect gains from strong demand, store initiatives and e-commerce growth despite supply-chain disruptions and rising inflation.

News for Hibbett Sports Stock (HIBB)