HIBB had net income of $4,020,000 against $4,859,000for the 13 weeks ended Jul. 29. The chain earlier reported a weakening in salesat the end of Q2, with final results of $104,363,000 this year, up 11% from$94,024,000. Comp store sales rose 0.6%, as management noted that GA moved itstax-free holiday from Jul. to Aug and AL, TN and VA introduced new tax holidaysin early Aug. Obviously, this had the effect of motivating consumers to delaypurchasing until after the end of Q2.

HIBB noted that it is encouraged by sales through thefirst 18 days of the third quarter, with comps up a robust ... Log in to view full article.