Weak Q4 for Hibbett on Lower Traffic
Sales increased 0.5% with comp store sales off 2.2% for the final quarter ended Jan. 28, Hibbett said in releasing preliminary results for the period. Earnings per share are projected to be $0.53-55 ($11.9 mm) compared to EPS of $0.76 last year. HIBB also gave preliminary guidance for this FY, forecasting EPS of $2.65-2.85 ($60.4 mm) on comp store sales that are expected to be flat to up low-single digits. This year’s results will have a $0.10 per share benefit from a 53rd week and the guidance also reflects investments in HIBB’s e-commerce and Store-to-Home initiatives.
In a statement, HIBB said,“We ... Log in to view full article.