Preview - Please log in to view full article.

Article Date: March 2023
Word Count: 547

Hibbett’s Q4 Growth Powered by Footwear Rebound


The small town operator’s bottom line more than doubled in Q4 to $38,424,000 from $17,659,000 as sales grew 20% to $458,295,000 from $383,348,000, including a +15.5% comp, helped by a much better footwear inventory position against last year’s shortages. Brick-and-mortar same store sales increased 14.3% while e-commerce increased 21.4%, to 17.4% of total revenues. Traffic and AUR were up double digits, but transactions were down. The results were a bit below guidance, sending HIBB shares down about 4% on the news.

 

Footwear led the fourth quarter gains, chalking up a mid-40s increase ... Log in to view full article.

 


Already a subscriber?

User Name:

Password:


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.