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.

JD Sports Fashion PLC (LSE:JD.) has completed the acquisition of US sports fashion retailer Hibbett.

JD Sports completes acquisition of US sports retailer Hibbett

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Hibbett, Inc. (Nasdaq/GS: HIBB), an athletic-inspired fashion retailer, today announced the completion of the Company's acquisition by JD Sports Fashion plc (“JD”), effective July 25, 2024. Hibbett is now part of JD and will cease to be a stand-alone publicly traded company. Mike Longo will continue as President and Chief Executive Officer of Hibbett and Jared Briskin will assume the role of Chief Operating Officer. The Company will maintain its corporate head.

Hibbett Announces Completion of Acquisition by JD Sports Fashion plc

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NEW YORK , July 23, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Avantor Inc. (NYSE:AVTR) will replace QuidelOrtho Corp. (NASD:QDEL) in the S&P MidCap 400, and QuidelOrtho will replace Hibbett Inc. (NASD:HIBB) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, July 26. JD Sports Fashion Plc (XLON: JD) is acquiring Hibbett in a deal expected to close soon pending final closing conditions.

Avantor Set to Join S&P MidCap 400; QuidelOrtho & Schneider National to Join S&P SmallCap 600

Improved e-commerce penetration, effective loyalty program, store expansion, and smooth execution of strategies have been driving Hibbett's (HIBB) growth amid the ongoing inflation woes.

Hibbett's (HIBB) Stock Rises on Solid E-commerce Strategies

NEW YORK , July 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Hibbett, Inc. (NASDAQ: HIBB ), relating to its proposed sale to JD Sports Fashion plc.

URGENT STOCKHOLDER REMINDER: The M&A Class Action Firm Investigates Merger and Imminent Vote on July 19, 2024, of Hibbett, Inc - HIBB

NEW ORLEANS , July 2, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

HIBBETT INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Hibbett, Inc. - HIBB

Hibbett's (HIBB) efforts to enhance customer experience through investments in e-commerce capabilities and loyalty programs should keep it poised amid an elevated cost environment in the industry.

Business Strategies Aid Hibbett (HIBB): Apt to Stay Invested?

Hibbett (HIBB) posts lower sales in first-quarter fiscal 2025. E-commerce represents 13.4% of the overall net sales in the quarter.

Hibbett (HIBB) Q1 Earnings Miss Estimates, Sales Fall Y/Y

Hibbett (HIBB) came out with quarterly earnings of $2.67 per share, missing the Zacks Consensus Estimate of $2.68 per share. This compares to earnings of $2.74 per share a year ago.

Hibbett (HIBB) Q1 Earnings and Revenues Miss Estimates

Hibbett Inc. HIBB, -0.12% reported better-than-expected profit before market open Wednesday, although sales came in below analysts' estimate. The sporting goods retailer posted net income of $32.5 million, or $2.67 a share, for the quarter, compared with $35.9 million, or $2.74 a share, in the same period last year.

Hibbett shares fall as Q1 sales miss analysts' estimate

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Hibbett, Inc. (“Hibbett”) (Nasdaq/GS: HIBB), an athletic-inspired fashion retailer, today provided financial results for its first quarter ended May 4, 2024, and business updates. Mike Longo, President and Chief Executive Officer, stated, “Our sales and diluted earnings per share for the first quarter of Fiscal 2025 were in line with our expectations in a very challenging athletic footwear and apparel retail market. Despite these challenges, we continue to exe.

Hibbett Reports First Quarter Fiscal 2025 Results

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If there's one takeaway from Q1 retail earnings that have been pouring in the last few weeks, it's that the US consumer may not be as resilient as they were to inflationary pressures in 2023.

4 Retailers Stocks With Outlier Earnings Dates Reporting This Week

Hibbett's (HIBB) Q1 results are expected to reflect continued headwinds from muted discretionary spending due to inflation, which has been affecting consumer sentiments.

Hibbett (HIBB) Faces Soft Demand: Can It Beat on Q1 Earnings?

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Hibbett, Inc. (Nasdaq/GS: HIBB), an athletic-inspired fashion retailer, today announced the Company plans to issue its first quarter 2025 earnings release before the market opens on Wednesday, June 5, 2024. The Company will not be hosting a conference call or webcast. About Hibbett, Inc. Hibbett, headquartered in Birmingham, Alabama, is a leading athletic-inspired fashion retailer with 1,169 Hibbett, City Gear and Sports Additions specialty stores located in 3.

Hibbett Announces First Quarter 2025 Earnings Release Schedule

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Hibbett, Inc. (NasdaqGS: HIBB) to JD Sports Fashion plc. Under the terms of the proposed transaction, shareholders of Hibbett will receive $87.50 in cash for each share of Hibbett that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the c.

HIBBETT INVESTOR ALERT By the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Hibbett, Inc. - HIBB

NEW YORK , April 26, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating Hibbett, Inc. (NASDAQ: HIBB), relating to its proposed sale to JD Sports Fashion plc.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of Hibbett, Inc.

HIBBETT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Hibbett, Inc. - HIBB

JD Sports is buying Hibbett for $87.50, which is about where the stock trades now. Shareholders may have little incentive to hold now and will need to diligently find an alternative investment.

Here's Why Hibbett Stock Soared Higher Today

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JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as Britain's biggest sportswear retailer looks to expand across the southeastern U.S.

Nike, Adidas, and HOKA will soon be sold in JD Sports thanks to Hibbett's $1 billion buy

MILWAUKEE , April 23, 2024 /PRNewswire/ -- Ademi LLP is investigating Hibbett (NASDAQ: HIBB) for possible breaches of fiduciary duty and other violations of law in its transaction with JD Sports. Click here to learn how to join the https://www.ademilaw.com/case/hibbett-inc-0 or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Hibbett, Inc. has obtained a Fair Price in its transaction with JD Sports

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Hibbett, Inc. (NASDAQ: HIBB) to JD Sports Fashion plc for $87.50 per share in cash is fair to Hibbett shareholders. Halper Sadeh encourages Hibbett shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Hibbett and it.

HIBB Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Hibbett, Inc. Is Fair to Shareholders

Hibbett Sports (NASDAQ:HIBB) shareholders will be waking up to a nice surprise on Tuesday after it surged 19% on a takeover offer from JD Sports, the UK retailer. JD is offering US$1.11 billion to purchase the US sports retailer and said it entered into a binding agreement to purchase all Hibbet's shares.

Hibbett soars on JD Sports takeover bid

JD Sports is buying Hibbett in a deal that values the American retailer at $1.1 billion, doubling down on its push into the U.S. at a challenging time for the sports-retail market.

JD Sports Steps Up U.S. Push With $1.1 Billion Deal for Hibbett

The U.K.'s biggest sportswear retailer JD Sports Fashion is to buy Alabama-based athletic fashion retailer Hibbett Inc. for about $1.08 billion, the companies said Tuesday.

JD Sports To Buy Hibbett In $1 Billion U.S. Expansion Deal

JD Sports Fashion PLC (LSE:JD.) has announced the proposed US$1.11 billion (£899 million) takeover of US sports fashion retailer Hibbett Inc. JD said on Tuesday it had entered into a binding agreement to wholly purchase Hibbet at US$87.50 per share, implying a value of US$1.08 billion, or US$1.11 billion including debt.

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