Hibbett's stock set to rally after profit and sales beats, raised outlook [MarketWatch]
Hibbett, Inc. (HIBB)
Last hibbett, inc. earnings: 3/20 06:30 am
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Source: MarketWatch
Hibbett's stock set to rally after profit and sales beats, raised outlook Shares of Hibbett Sports Inc. HIBB, -2.11% were indicated up over 6% in premarket trading Friday, after the sporting goods retailer beat fiscal third-quarter profit and sales expectations and raised its full-year outlook. Net income rosel to $2.3 million, or 13 cents a share, from $1.5 million, or 8 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to 32 cents, well above the FactSet consensus of 15 cents. Sales increased 27% to $275.5 million from $216.9 million, to beat the FactSet consensus of $260.7 million, as same-store sales rose 10.7%. "Our e-commerce business continues to outperform expectations, as the business is now delivering over 10% of our total sales," said Chief Executive Jeff Rosenthal. The company said it expects to record a impairment charge of 8 cents to 12 cents in fiscal 2020 as it proceeds with its plan to close about 95 Hibbett stor
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