$HIBB (Hibbett Sports, Inc.)

$HIBB {{ '2016-08-19T11:21:40+0000' | timeago}} • Announcement

$HIBB said that for 2Q17, it opened 14 new stores, expanded one high performing store and closed 8 underperforming stores, bringing the store base to 1,059 in 33 states as of July 30, 2016. $HIBB added that footwear continues to show significant strength, driven by differentiated assortment & continued improvement in allocation & in-stock position.

$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.

$HIBB {{ '2016-11-18T11:57:15+0000' | timeago}} • Announcement

$HIBB expects FY17 diluted EPS to be in the range of $2.82-2.88 from a previously reported range of $2.93 to $3.02. Merchandise margin is expected to be relatively flat compared with a previous expectation of flat to slightly positive.

$HIBB {{ '2016-11-18T11:57:03+0000' | timeago}} • Announcement

$HIBB posted 3Q17 earnings of $14.6MM, down 22% from a year ago. Net sales increased 3.8% to $237MM, helped by back-to-school sales and high single-digit comps in footwear category. Comparable store sales increased 0.7%.

$LL {{ '2016-09-12T07:45:44+0000' | timeago}} • Announcement

Hardwood flooring retailer $LL said it has appointed Martin Agard, most recently CFO of Kohler Company, as CFO; and Christopher Thomsen, most recently VP and Chief Information Officer of $HIBB, as SVP and Chief Information Officer. Interim CFO Greg Whirley will continue as SVP, Finance.

$HIBB {{ '2016-08-19T18:01:07+0000' | timeago}} • Webcast

Seth Sigman of Credit Suisse asks about the comp guidance for the year and if the company expects kind of a similar level in 2H17 as seen in 1H17. $HIBB said the guidance is still of low singles. So it's kind of expecting the similar levels as seen in 1H17.

$HIBB {{ '2016-08-19T17:56:51+0000' | timeago}} • Webcast

Camilo Lyon from Canaccord asks about the impact of Florida and the tax shift on 3Q17 if that's very meaningful for the business. $HIBB said the company doesn't think it's going to be a big impact for the company at all.

$HIBB {{ '2016-08-19T17:54:41+0000' | timeago}} • Webcast

Camilo Lyon from Canaccord asks about drivers of weakness in women's business and where the company is seeing opportunities. $HIBB said it is making progress on the shift from performance to more lifestyle. There's some challenges in the general apparel market and $HIBB has to assure those are more significant piece of its business going forward.

$HIBB {{ '2016-08-19T17:48:54+0000' | timeago}} • Webcast

Stephen Tanal of Goldman Sachs asks about how traffic and ticket looked in the quarter. $HIBB said the average ticket was up mid-single digits and transactions were down mid-singles. It was fairly similar to prior quarters.

$HIBB {{ '2016-08-19T17:45:25+0000' | timeago}} • Webcast

$HIBB said it ended 2Q16 with $45.9MM in cash versus $85.3MM a year ago, with no borrowings outstanding on its revolving credit facilities. Inventories rose 16.5% over last year and were 11.6% higher on a per-store basis. And on CapEx $HIBB spent $5.9MM in the quarter. Also in 2Q17, the company bought back 620,000 shares for a total of $21.4MM.

$HIBB {{ '2016-08-19T17:41:00+0000' | timeago}} • Webcast

$HIBB said that from a category perspective, basketball business was up double digits, led by strong performances of Retro Jordan, Steph Curry from Under Armour and Nike Signature, including the Lebron Low and KD 9. $HIBB added that its lifestyle footwear business continued its strong run with a mid-single-digit comp.

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