Content about Hibbett Sports

March 14, 2014

Hibbett Sports experienced a significant slowdown in January due to significant weather-related store closures and a less favorable sales impact this year from the college football championship game. However, sales trends improved in February as weather patterns normalized and the retailer rolled out its spring assortment.

Hibbett Sports experienced a significant slowdown in January due to significant weather-related store closures and a less favorable sales impact this year from the college football championship game. However, sales trends improved in February as weather patterns normalized and the retailer rolled out its spring assortment. Net sales for the 13-week period ended Feb. 1 increased 0.2% to $217.8 million compared with $217.4 million for the 14-week period ended Feb. 2, 2013. Comparable store sales increased 1.7% on a comparable 13-week period.

March 14, 2014

Hibbett Sports experienced a significant slowdown in January due to significant weather-related store closures and a less favorable sales impact this year from the college football championship game. However, sales trends improved in February as weather patterns normalized and the retailer rolled out its spring assortment.

Hibbett Sports experienced a significant slowdown in January due to significant weather-related store closures and a less favorable sales impact this year from the college football championship game. However, sales trends improved in February as weather patterns normalized and the retailer rolled out its spring assortment. Net sales for the 13-week period ended Feb. 1 increased 0.2% to $217.8 million compared with $217.4 million for the 14-week period ended Feb. 2, 2013. Comparable store sales increased 1.7% on a comparable 13-week period.

November 22, 2013

Buoyed by its performance during Back to School season, Hibbett Sporting Goods sounded an optimistic tone regarding the holidays after reporting a surprisingly strong third quarter comp increase.

Buoyed by its performance during Back to School season, Hibbett Sporting Goods sounded an optimistic tone regarding the holidays after reporting a surprisingly strong third quarter comp increase.

The operator of 904 stores in 31 states said its same store sales increased 4.8% and total sales increased 2.5% to $208 million during the quarter ended November 2.

October 18, 2013

Hibbett Sports has put its succession plan into motion. Effective Feb. 2, 2014, Mickey Newsome will go from executive chairman of the board and CEO to non-executive chairman. Additionally, president and CEO Jeff Rosenthal has been appointed to the board, bringing the total number of members 10.

Hibbett Sports has put its succession plan into motion. Effective Feb. 2, 2014, Mickey Newsome will go from executive chairman of the board and CEO to non-executive chairman. Additionally, president and CEO Jeff Rosenthal has been appointed to the board, bringing the total number of members 10.

October 18, 2013

Hibbett Sports has put its succession plan into motion. Effective Feb. 2, 2014, Mickey Newsome will go from executive chairman of the board and CEO to non-executive chairman. Additionally, president and CEO Jeff Rosenthal has been appointed to the board, bringing the total number of members 10.

Hibbett Sports has put its succession plan into motion. Effective Feb. 2, 2014, Mickey Newsome will go from executive chairman of the board and CEO to non-executive chairman. Additionally, president and CEO Jeff Rosenthal has been appointed to the board, bringing the total number of members 10.

August 23, 2013

Hibbett Sports reported a weaker-than-expected comparable-store sales increase of 0.3% for the second quarter ended Aug. 3, compared to a 4.8% increase in the prior-year period.

BIRMINGHAM, Ala. — Hibbett Sports reported a weaker-than-expected comparable-store sales increase of 0.3% for the second quarter ended Aug. 3, compared to a 4.8% increase in the prior-year period.

Last year's second quarter benefited from the extra week in the fiscal calendar which resulted in approximately $12 million of sales.

August 23, 2013

Hibbett Sports reported a weaker-than-expected comparable-store sales increase of 0.3% for the second quarter ended Aug. 3, compared to a 4.8% increase in the prior-year period.

BIRMINGHAM, Ala. — Hibbett Sports reported a weaker-than-expected comparable-store sales increase of 0.3% for the second quarter ended Aug. 3, compared to a 4.8% increase in the prior-year period.

Last year's second quarter benefited from the extra week in the fiscal calendar which resulted in approximately $12 million of sales.

May 26, 2013

Cold weather affected Hibbett Sports' first quarter results for the period ended May 4, but the sporting goods retailer still saw net sales of $240 million, a 3% increase from $233 million for the 13-week period ended April 28, 2012.

BIRMINGHAM, Ala. — Cold weather affected Hibbett Sports' first quarter results for the period ended May 4, but the sporting goods retailer still saw net sales of $240 million, a 3% increase from $233 million for the 13-week period ended April 28, 2012.

Comparable store sales increased 0.8% for the quarter.

For the quarter, Hibbett opened nine new stores, expanded five high performing stores and closed three underperforming stores, bringing the store base to 879 in 29 states.

May 26, 2013

Cold weather affected Hibbett Sports' first quarter results for the period ended May 4, but the sporting goods retailer still saw net sales of $240 million, a 3% increase from $233 million for the 13-week period ended April 28, 2012.

BIRMINGHAM, Ala. — Cold weather affected Hibbett Sports' first quarter results for the period ended May 4, but the sporting goods retailer still saw net sales of $240 million, a 3% increase from $233 million for the 13-week period ended April 28, 2012.

Comparable store sales increased 0.8% for the quarter.

For the quarter, Hibbett opened nine new stores, expanded five high performing stores and closed three underperforming stores, bringing the store base to 879 in 29 states.

March 15, 2013

Hibbett Sports reported that net sales for the fourth quarter increased 14% to $217.4 million compared with $190.7 million for the same period last year.

BIRMINGHAM, Ala. — Hibbett Sports reported that net sales for the fourth quarter increased 14% to $217.4 million compared with $190.7 million for the same period last year. Comparable-store sales increased 4.9% on a 13-week to 13-week period.

Net income for the quarter increased 22.3% to $19.4 million compared with $15.8 million for the same period last year. Earnings per diluted share increased 23.7% to 73 cents for the quarter compared with 59 cents for the same period last year. 

March 15, 2013

Hibbett Sports reported that net sales for the fourth quarter increased 14% to $217.4 million compared with $190.7 million for the same period last year.

BIRMINGHAM, Ala. — Hibbett Sports reported that net sales for the fourth quarter increased 14% to $217.4 million compared with $190.7 million for the same period last year. Comparable-store sales increased 4.9% on a 13-week to 13-week period.

Net income for the quarter increased 22.3% to $19.4 million compared with $15.8 million for the same period last year. Earnings per diluted share increased 23.7% to 73 cents for the quarter compared with 59 cents for the same period last year. 

January 14, 2013

National sporting goods retailer Hibbett Sports has selected a business intelligence platform developed by QuantiSense, which will allow it to leverage retail analytics so it can improve local assortments across all physical stores.

ATLANTA — National sporting goods retailer Hibbett Sports has selected a business intelligence platform developed by QuantiSense, which will allow it to leverage retail analytics so it can improve local assortments across all physical stores.

January 14, 2013

National sporting goods retailer Hibbett Sports has selected a business intelligence platform developed by QuantiSense, which will allow it to leverage retail analytics so it can improve local assortments across all physical stores.

ATLANTA — National sporting goods retailer Hibbett Sports has selected a business intelligence platform developed by QuantiSense, which will allow it to leverage retail analytics so it can improve local assortments across all physical stores.

August 17, 2012

Hibbett Sports raised its outlook and remains confident in its strategy after reporting a near 43% spike in earnings per diluted share.

BIRMINGHAM, Ala. — Hibbett Sports raised its outlook and remains confident in its strategy after reporting a near 43% spike in earnings per diluted share.

The company reported an impressive 42.9% growth in second-quarter earnings per diluted share to 30 cents from 21 cents for the same period last year. Net income increased 32.9% to $7.9 million from $5.9 million in the comparable-year period.

July 9, 2012

Regional sporting goods chain Hibbett Sports plans to begin construction this fall on a new distribution facility that will support more than 2,000 stores.

Regional sporting goods chain Hibbett Sports plans to begin construction this fall on a new distribution facility that will support more than 2,000 stores.

May 18, 2012

Hibett Sports raised its full year guidance after posting hefty sales and earnings growth for its first quarter.

BIRMINGHAM, Ala. — Hibbett Sports raised its full year guidance after posting hefty sales and earnings growth for its first quarter. Sales for the first quarter ended April 28, increased 14.4% to $232.9 million compared with $203.7 million for the 13-week period ended April 30, 2011. Comparable-store sales increased 11.1%. Net income for the quarter increased 23.5% to $26.4 million compared with $21.3 million for the same period last year. Earnings per diluted share increased 29% to 98 cents compared with 76 cents for the same period last year.

March 12, 2012

Hibbett Sports Inc. saw its profit for the quarter ended Jan. 28 jump 27% to $15.8 million, compared with $12.5 million in the year-ago period.

BIRMINGHAM, Ala. — Hibbett Sports Inc. saw its profit for the quarter ended Jan. 28 jump 27% to $15.8 million, compared with $12.5 million in the year-ago period.

 Revenue increased 10% to $190.7 million from $173.2 million, missing Wall Street’s expected $192.2 million in revenue. Same-store sales rose 7.2%.

For the full year, Hibbett reported net income of $59.1 million, up from $46.4 million last year. Revenue rose to $732.6 million, from $665 million.

November 21, 2011

Healthy growth in both sales and earnings at Hibbett Sports during the third quarter indicate that sports-related merchandise remains in demand despite an overall weak economic market.

BIRMINGHAM, Ala. — Healthy growth in both sales and earnings at Hibbett Sports during the third quarter indicate that sports-related merchandise remains in demand despite an overall weak economic market.

August 19, 2011

Hibbett Sports reported that net sales for the second quarter ended July 30 increased 9.5% to $153.1 million compared with $139.8 million for the second quarter ended July 31, 2010.

BIRMINGHAM, Ala. — Hibbett Sports reported that net sales for the second quarter ended July 30 increased 9.5% to $153.1 million compared with $139.8 million for the second quarter ended July 31, 2010. Comparable-store sales increased 5.9%.

Net income for the quarter increased 48% to $5.9 million compared with $4 million for the same period last year. Earnings per diluted share increased 56.4% to 21 cents compared with 14 cents for the same period last year.

May 20, 2011

Hibbett Sports reported that net sales for the first quarter increased 10.4% to $203.7 million compared with $184.5 million for the same period last year.

BIRMINGHAM, Ala. — A few days after Dick's Sporting Goods reported higher-than-expected earnings, Hibbett Sports posted even more impressive sales and income growth. Hibbett Sports reported that net sales for the first quarter increased 10.4% to $203.7 million compared with $184.5 million for the same period last year. Comparable-store sales increased 6.8%.

March 11, 2011

Hibbett Sports Inc. said Friday that its fiscal fourth-quarter net income climbed 6% on higher sales. The sporting goods retailer also predicts its fiscal 2012 earnings will be in line with Wall Street's view.

BIRMINGHAM, Ala. — Hibbett Sports Inc. said Friday that its fiscal fourth-quarter net income climbed 6% on higher sales. The sporting goods retailer also predicts its fiscal 2012 earnings will be in line with Wall Street's view.

Hibbett Sports reported net income of $12.5 million for the period ended Jan. 29, up from $11.8 million a year earlier, better than Wall Street expected.

Revenue rose 4% to $173.2 million from $166.8 million, but fell short of Wall Street's estimate of $174.2 million. Same-store sales rose 1.2%.

February 9, 2011

An otherwise exceptional year of sales and profits at Hibbett Sports was soiled somewhat late in the fourth quarter as consumer demand deteriorated, forcing the company to alert investors that it would come up short against earlier guidance.

An otherwise exceptional year of sales and profits at Hibbett Sports was soiled somewhat late in the fourth quarter as consumer demand deteriorated, forcing the company to alert investors that it would come up short against earlier guidance. The 767-unit Hibbett chain continued to execute its strategy, but really bad weather in many of the company’s markets coupled with a slower-than-expected flow of tax refunds negatively affected results.