HIBB raises EPS guidance for FY11 to $1.35-1.50($38.8-43.1 mm) based on mid- to high-single digit comparable store salesincreases after a strong Q1 that has seen the positive trends continue into Q2.Net income rose a whopping 59% to $17,341,000 against $10,912,000 for theperiod ended May 1. Total sales were 17% higher at $184,506,000 versus$157,700,000 as same store sales increased 14.5%. The quarterly operatingmargin of 15% was the highest at HIBB in a decade. Gross margins improved 240b.p. to 35.8% with 116 b.p. of the increase attributed to improved productmargins, 90 b.p. from occupancy leverage and the remaining 30 b.p. related towarehouse ... Log in to view full article.