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Article Date: July 2017
Word Count: 434

Hibbett Stock Punished on Lowered Guidance

HIBB stock fell over 30% on heavy trading as the retailer pre-announced a weak second quarter that will see comps decline an expected 10% in Q2 citing very challenging sales trends and pressure on gross margin that will produce a loss expected to be 19-22 cents per share ($4.4 million) compared to a consensus estimate of a 15 cents per share profit. HIBB also noted that it was launching its long-awaited e-commerce site with a number of features at the outset that normally are implemented over time such as access to in-store availability and True Fit technology to help customers ... Log in to view full article.


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