Hibbett Sports (HIBB) Tops Q1 EPS by 16c, Raises FY EPS Guidance

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May 24, 2019 6:32 AM EDT
Get Alerts HIBB Hot Sheet
Price: $87.49 --0%

Financial Fact:
Net sales: 237.01M

Today's EPS Names:
MTEX, NSYS, PLNH, More
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Hibbett Sports (NASDAQ: HIBB) reported Q1 EPS of $1.48, $0.16 better than the analyst estimate of $1.32. Revenue for the quarter came in at $343.3 million versus the consensus estimate of $326.1 million.

  • Comparable Sales Increase 5.1% in First Quarter

GUIDANCE:

Hibbett Sports sees FY2020 EPS of $2.00-$2.15, versus the consensus of $1.89.

The Company is updating its full year guidance for Fiscal 2020:

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Updated Previous
Comparable store sales +0.5% - +2.0% (1.0%) - +1.0%
Net store closings (80) - (85) (80) - (85)
Earnings per diluted share $1.70 - $1.85 $1.50 - $1.70
Expected impact of non-recurring items (non-GAAP) ($0.25) - ($0.35) ($0.25) - ($0.35)
Earnings per diluted share excluding non-recurring items (non-GAAP) $2.00 - $2.15 $1.80 - $2.00
Gross margin (25)bps - (35)bps (25)bps - (45)bps
Gross margin excluding non-recurring items (non-GAAP) (35)bps - (45)bps (35)bps - (55)bps
SG&A expense rate change 10bps - 15bps 15bps - 25 bps
SG&A expense rate change excluding non-recurring items (non-GAAP) Flat - (10)bps Flat
Depreciation (10)bps (10)bps - (20)bps
Tax rate 25.0% 24.5%
Capital expenditures $18M - $22M $18M - $22M
Share repurchase $10M - $15M $10M - $15M

For earnings history and earnings-related data on Hibbett Sports (HIBB) click here.


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