Content about Hibbett Sports Inc.

March 17, 2014

Net income and sales declined at Hibbett Sports Inc. during the fourth quarter of fiscal 2013.

Birmingham, Ala. – Net income and sales declined at Hibbett Sports Inc. during the fourth quarter of fiscal 2013. Net income dropped 13% from $19.6 million in the fourth quarter of the prior fiscal year to $16.4 million, while net sales inched upward 0.2% to $217.8 million from $217.4 million.

Same-store sales rose 1.7% during the quarter. Hibbett Sports cited slowing sales in January due to inclement weather and a less favorable sales impact from the national college football championship game as impacting net income.

May 18, 2012

Hibbett Sports Inc. said that its fiscal first-quarter net income increased 24% on higher demand for sneakers and other athletic gear.

Birmingham, Ala. -- Hibbett Sports Inc. said Friday that its fiscal first-quarter net income increased 24% on higher demand for sneakers and other athletic gear. The retailer also raised its profit outlook for the year.

For the three months through April 28, Hibbett earned a better-than-expected $26.4 million, up from $21.3 million in the same quarter last year.

March 9, 2012

Hibbett Sports Inc. reported that profit for the quarter ended Jan. 28 jumped 27% to $15.8 million, compared with $12.5 million in the year-ago period.

Birmingham, Ala. -- Hibbett Sports Inc. reported Friday that profit for the quarter ended Jan. 28 jumped 27% to $15.8 million, compared with $12.5 million in the year-ago period.
 
Revenue increased 10% to $190.7 million from $173.2 million, missing Wall Street’s expected $192.2 million in revenue. Same-store sales rose 7.2%.

For the full year, Hibbett reported net income of $59.1 million, up from $46.4 million last year. Revenue rose to $732.6 million, from $665 million.

November 21, 2011

Hibbett Sports Inc. said that its third-quarter profit jumped 27%, amid strong demand for shoes and apparel.

Birmingham, Ala. -- Hibbett Sports Inc. said that its third-quarter profit jumped 27%, amid strong demand for shoes and apparel. The results beat Wall Street expectations and Hibbett raised its earnings forecast for the full year.

For the quarter ended Oct. 29, the sporting-goods chain reported net income of $16 million, up from $12.6 million in the year ago period. Sales increased 11% to $185.2. Same-store sales rose 7%.
 

May 20, 2011

Hibbett Sports Inc. reported Friday that net income for the quarter ended April 30 rose 23% to $21.3 million, compared with $17.3 million in the year-ago period.

Birmingham, Ala. -- Hibbett Sports Inc. reported Friday that net income for the quarter ended April 30 rose 23% to $21.3 million, compared with $17.3 million in the year-ago period.

Revenue increased 10.4% to $203.7 million, beating analysts’ projected $200.8 million in revenue. 

During the quarter, Hibbett opened eight new stores, expanded four others and closed seven underperforming stores. During the rest of the fiscal year, Hibbett said it expects to open between 50 and 55 new stores, close 10 to 15 stores and expand another 15 stores.

March 11, 2011

Hibbett Sports Inc. said Friday that its fiscal fourth-quarter net income climbed 6% on higher sales. The sporting goods retailer also predicts its fiscal 2012 earnings will be in line with Wall Street's view.

Birmingham, Ala. — Hibbett Sports said Friday that its fiscal fourth-quarter net income climbed 6% on higher sales. The sporting goods retailer also predicts its fiscal 2012 earnings will be in line with Wall Street's view.

Hibbett Sports reported net income of $12.5 million for the period ended Jan. 29, up from $11.8 million a year earlier, better than Wall Street expected.

Revenue rose 4% to $173.2 million from $166.8 million, but fell short of Wall Street's estimate of $174.2 million. Same-store sales rose 1.2%.

November 20, 2008

Hibbett Sports Inc. said Thursday its third-quarter profit fell 2% despite a pickup in sales,...

August 21, 2008

Hibbett Sports Inc. said Thursday that its second-quarter profit edged up 2.1% as sales of...

March 17, 2008

Hibbett Sports, Inc. announced Monday that Albert C. Johnson and Terrance G. Finley have been...