$HIBB (Hibbett Sports, Inc.)

$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.

$HIBB {{ '2017-11-17T13:06:51+0000' | timeago}} • Announcement

$HIBB lifted its FY18 EPS guidance to $1.42-1.50 from $1.25-1.35. The company now predicts comparable store sales in the negative mid-single-digit range, compared to the previous guidance in the negative mid to high single-digit range.

$HIBB {{ '2017-11-17T13:04:37+0000' | timeago}} • Announcement

$HIBB's gross margin for 3Q18 declined to 32% of net sales from 35.4% in the previous year quarter. The decrease was mainly due to promotions and markdowns taken to improve its inventory position. As a result, inventory turns improved significantly compared with the same period last year, and inventory levels decreased 9.2%.

$HIBB {{ '2017-11-17T13:03:06+0000' | timeago}} • Announcement

$HIBB reported a drop in 3Q18 earnings due to higher costs and expenses as well as soft equipment and accessories sales. Net income fell to $7.56MM or $0.37 per share from $14.6MM or $0.66 per share last year. Net sales rose 0.4% to $237.8MM. Comparable store sales decreased 1.3%.

$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.

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