Hibbett Sports (HIBB) Tops Q4 EPS by 1c, Misses on Revenue; Offers FY25 Guidance
Hibbett Sports (NASDAQ: HIBB) reported Q4 EPS of $2.55, $0.01 better than the analyst estimate of $2.54. Revenue for the quarter came in at $466.6 million versus the consensus estimate of $476.61 million.
Sales Guidance
- Total net sales in Fiscal 2025 are anticipated to be flat to up approximately 2.0% compared to our full year Fiscal 2024 results.
- Due to the transition from a 53-week year in Fiscal 2024 to a 52-week year in Fiscal 2025, comparable sales for Fiscal 2025 will be compared to weeks two through 53 in Fiscal 2024. Comparable sales are expected to be flat to down in the low-single digit range for the year. Brick and mortar comparable sales are expected to range from flat to negative low-single digits. Both total e-commerce revenue and comparable e-commerce revenue is anticipated to be up in the mid to high-single digit range.
- Net new store growth is expected to be approximately 45 to 50 units. The first quarter is projected to have the lowest growth with net new units anticipated to be more evenly distributed across the remaining three quarters.
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