Sales increased 8% in the 14-week fourth quarter ended Feb. 3 to $266.7 million from $246.9 million in the 13-week quarter last year with a comp store sales gain of 1.6%, driven by strength in branded apparel and footwear. The nascent e-commerce business has grown quickly, accounting for 7.6% of sales in the quarter, and the extra week contributed $13.5 million of the sales improvement. Hibbett now expects Q4 net income to come in well ahead of expectations at $0.47 to $0.51 per share ($9.4 mm) compared with $0.54 last year, despite gross margin pressure as it moved to take ... Log in to view full article.