Sterne Agee CRT Remain Neutral on Hibbett Sports (HIBB) Following 2Q15

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Go back to Sterne Agee CRT Remain Neutral on Hibbett Sports (HIBB) Following 2Q15

Hibbett Reports Second Quarter Fiscal 2016 Results

August 21, 2015 6:30 AM EDT

EPS of $0.28 In Line With Recent Business Update Updates Fiscal 2016 Guidance

BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Hibbett Sports, Inc. (NASDAQ/GS: HIBB), a sporting goods retailer, today announced results for the second quarter ended August 1, 2015.

Second Quarter Results

Net sales for the 13-week period ended August 1, 2015, increased 2.8% to $199.3 million compared with $193.9 million for the 13-week period ended August 2, 2014. Comparable store sales decreased 1.1%.

Gross profit was 32.7% of net sales for the 13-week period ended August 1, 2015,... More