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Article Date: February 2018
Word Count: 207

Hibbett Pre-Announces Q4 Results, 2019 Outlook

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.


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