Sterne Agee CRT Maintains Underperform on Hibbett Sports (HIBB) Following 1Q Results
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Hibbett Reports First Quarter Fiscal 2016 Results
May 22, 2015 6:30 AM EDTRevises Fiscal 2016 Guidance Store Base Expands to 1,001 Stores In 32 States
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Hibbett Sports, Inc. (NASDAQ/GS: HIBB), a sporting goods retailer, today announced results for the first quarter ended May 2, 2015.
First Quarter Results
Net sales increased 3.0% to $269.8 million for the 13-week period ended May 2, 2015, compared with $261.9 million for the 13-week period ended May 3, 2014. Comparable store sales decreased 0.9%.
Jeff Rosenthal, President and Chief Executive Officer, stated, We experienced early... More
