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.