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.

Earnings data Q3 2023

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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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Academy Sports is more like Dick's Sporting Goods than it is like Hibbett, and management hopes to eventually reach a comparable size. Athletic retailers benefit from consistent consumer demand and predictable profitability.

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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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.

News for Hibbett Sports Stock (HIBB)