Hibbett Sports (HIBB) Misses Q1 EPS by 4c; Comps Fall 0.9%

Hibbett Sports (NASDAQ: HIBB) reported Q1 EPS of $1.09, $0.04 worse than the analyst estimate of $1.13. Revenue for the quarter came in at $269.8 million versus the consensus estimate of $274.24 million. Comparable store sales decreased 0.9%.

Hibbett Sports sees FY2015 EPS of $2.95-$3.04, versus the consensus of $3.03.

Jeff Rosenthal, President and Chief Executive Officer, stated, “We experienced early headwinds in the quarter, with February posting a negative high-single-digit comp due to impacts from weather-related closures, port delays and a shift in the timing of tax refunds. We were pleased with our performance in March and April, and we have seen this trend improve in May.”

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

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