Comparable store sales were 5.2% higher on continuedmomentum in athletic footwear and team equipment as the small town operatorexceeded the $100 million mark in quarterly sales for the first time. Footwearand team equipment comparable store sales increased double-digits, but apparelsame store sales were off mid-single digits on a strong year ago comparison.Net income increased 27% to $8,208,000 from $6,475,000 for the period endedJan. 29 on 17% improvement in revenues to $107,081,000. Gross margins improved50 basis points to 32.3%, and HIBB achieved a 12% operating margin in theperiod.

For FY05 ended Jan. 29, Hibbett net income increased26% to $25,564,000 from $20,348,000 on ... Log in to view full article.