$HIBB (Hibbett Sports, Inc.)

$HIBB {{ '2016-08-19T11:23:42+0000' | timeago}} • Announcement

$HIBB said the company updated its guidance for FY17, to EPS in the range of $2.93-3.02 from a previously reported range of $2.90-3.04. Additionally, merchandise margin is expected to be flat to slightly positive compared to a previously reported expectation of relatively flat versus the prior year.

$HIBB {{ '2017-08-18T19:11:37+0000' | timeago}} • Infographic

$HIBB Hibbett Sports, Inc. Earnings AlphaGraphics: Q2 2018 Highlights

$HIBB {{ '2017-08-18T15:29:28+0000' | timeago}} • Webcast

$HIBB said it is in the process of developing a mobile application to cater to the increasing demographic of online buyers. Going forward, the company intends to engage in more aggressive share buybacks, at least in the near future.

$HIBB {{ '2017-08-18T15:06:36+0000' | timeago}} • Webcast

$HIBB said innovation in product line-up and focus on e-commerce will be the key to improving performance in the coming quarters, considering the changed market conditions. The company’s loyalty membership increased by more than 11,000 units in the first week after it launched the e-commerce platform.

$HIBB {{ '2017-08-18T14:44:25+0000' | timeago}} • Webcast

$HIBB said its e-commerce initiatives have resulted in higher online sales in 2Q18. Hibbett attributed the subdued quarterly performance to soft traffic, increased distribution and unfavorable market conditions. Going ahead, the emphasis on improving inventory and intensified market promotion are expected to continue to put pressure on margins.

$HIBB {{ '2017-08-18T13:08:22+0000' | timeago}} • Announcement

$HIBB opened six new stores, expanded four and closed eight under-performing stores in 2Q18, bringing its store base to 1,080. During the quarter, the company repurchased 282,609 shares of its common stock for $6.9MM.

$HIBB {{ '2017-08-18T13:05:26+0000' | timeago}} • Announcement

$HIBB said it expects gross margin to decline at a faster rate of 250-285 basis points in fiscal 2018 than the 55-75 basis points fall anticipated earlier. The revision mainly assumes softness in sales for the remainder of the year, gross margin pressure due to the promotional environment in the industry and continued expense controls.

$HIBB {{ '2017-08-18T12:59:01+0000' | timeago}} • Announcement

$HIBB has lowered its EPS forecast for FY2018 to the range of $1.25 to $1.35 from the earlier estimate between $2.35 and $2.55. Currently, the YoY variation in full year comparable store sales is expected to be in the negative mid-to-high single-digit range, compared to the previous guidance in the range of negative 1% to positive 1%.

$HIBB {{ '2017-08-18T12:48:21+0000' | timeago}} • Announcement

Comparable sales of sporting goods retailer $HIBB dipped 12% in 2Q18, resulting in a net loss of $3.2MM compared to a $6.5MM profit last year. The loss per share was $0.15. Net sales were lower by 9% than in 2Q17. The gross margin was negatively impacted by promotions and markdowns taken to liquidate excess and aged inventory, causing the downturn.

$HIBB {{ '2017-07-24T14:30:43+0000' | timeago}} • Announcement

Athletic specialty retailer $HIBB said it has launched a transactional e-commerce site named Hibbett.com. Hibbett expects its comparable store sales to decline around 10% YoY in 2Q17. The company forecasts a loss of $0.19-$0.22 per share for the second quarter.

$HIBB {{ '2017-05-18T18:06:30+0000' | timeago}} • Webcast

$HIBB stated that stores without e-commerce should perform better as the company has a benefit to get from Store-to-Home initiative. However, the company is not anticipating a big turnaround in the overall environment and expects it to be challenging. Therefore, the increase in comp in 2H18 is going be mostly things $HIBB is doing internally.

$HIBB {{ '2017-05-18T17:48:01+0000' | timeago}} • Webcast

$HIBB said that in footwear, the company saw little uptick in 1Q18 and it has been increasing a couple of points per year. The company is seeing this trend continuing for the near future.

$HIBB {{ '2017-05-18T11:08:25+0000' | timeago}} • Announcement

During 1Q18, $HIBB repurchased 748,134 shares of common stock for a total expenditure of $22.3MM. Approx $236.2MM of the total authorization remained for future stock repurchases as of April 29, 2017.

$HIBB {{ '2017-05-18T11:06:40+0000' | timeago}} • Announcement

For FY18, $HIBB sees EPS in the range of $2.35-2.55, compared with previous guidance of $2.65-2.85. Comparable store sales are expected between negative 1% and positive 1%, while gross margin rate is predicted to reduce 55-75 basis points.

$HIBB {{ '2017-05-18T11:03:21+0000' | timeago}} • Announcement

Sporting goods retailer $HIBB reported 2.3% dip in net sales to $275.7MM in 1Q18. This, along with a 4.9% decline in comparable sales hurt its earnings during the quarter. Net income was $20.9MM, or $0.98 per share, compared to $27.9MM, or $1.23 per share a year ago. Hibbett opened 13 stores, expanded four and closed nine during the quarter.

$HIBB {{ '2017-03-10T19:32:30+0000' | timeago}} • Webcast

In 4Q17, $HIBB’s apparel business was down mid-single digits, primarily due to impacts in the accessory business. Weakness in team sports-related products, socks and hydration led to declines. Branded apparel was much improved with a very low single digit decline. The licensed business was down double digits.

$HIBB {{ '2017-03-10T19:27:50+0000' | timeago}} • Webcast

For FY17, $HIBB opened 65 new stores, expanded 8 high performing stores and closed 31 underperforming stores, bringing the store base to 1,078 in 35 states as of January 28, 2017. The company has opened three stores in California and the results have been positive.

$HIBB {{ '2017-03-10T12:37:57+0000' | timeago}} • Announcement

For FY18, $HIBB expects earnings per diluted share to be in the range of $2.65-2.85. The company expects increase in comp store sales in the low-single digit range. In FY18, $HIBB expects approx. 50-60 new store openings with approx. 25-35 store closure. The company anticipates share buyback of approx. $45-55MM.

$HIBB {{ '2017-03-10T12:34:49+0000' | timeago}} • Announcement

Sports goods retailer $HIBB 4Q17 earnings fell 30%, hurt by higher costs and expense. Net income fell to $12.1MM, or $0.54 per share, compared to $17.4MM, or $0.76 per share during 4Q16. Net sales during the quarter rose marginally by 0.5% YoY to $246.9MM from $245.7MM. Comparable store sales fell 2.2% YoY during the quarter.

$HIBB {{ '2016-11-18T17:58:23+0000' | timeago}} • Webcast

$HIBB said expenses were higher in 3Q16, due to the investments in the company's omnichannel initiatives. The company also saw higher expenses in other areas against a favorable 3Q15. $HIBB ended 3Q16 with $41.2MM in cash, with no borrowings outstanding on the company's revolving credit facilities.

$HIBB {{ '2016-11-18T11:57:28+0000' | timeago}} • Announcement

$HIBB said it opened 13 new stores, expanded 2 high performing stores and closed 5 underperforming stores, bringing the store base to 1,067 in 34 states as of Oct. 29, 2016.

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