Hibbett Inc

-0.40 (-0.50%)
Positive Earnings Pre-Announcement

Hibbett Reports Q2 Earnings Per Share $2.86

Published: 08/27/2021 11:05 GMT
Hibbett Inc (HIBB) - Hibbett Reports Second Quarter Results.
Q2 Same Store Sales Fell 6.4 Percent.
Q2 Earnings per Share $2.86.
Q2 Sales Fell 5.1 Percent to $419.3 Million.
Q2 Revenue Estimate $320.9 Million -- Refinitiv Ibes Data (analyst estimates).
Q2 Earnings per Share Estimate $1.44 -- Refinitiv Ibes Data (analyst estimates).
Raises Full Year Sales and Diluted EPS Guidance.
Fiscal 2022 Comparable Sales Versus Prior Year Are Expected to Be in Positive Mid-teens.
Inventory at End of Q2 of Fiscal 2022 Was $216.8 Million, a 19.1% Increase.
Sees Fiscal 2022 Diluted Earnings per Share in Range of $11.00 to $11.50.
Non-GAAP Results for Fiscal 2022 Are Not Expected to Materially Differ From Our GAAP Results.
Gross Margin is Expected to Be Lower in Second Half of Fiscal 2022 in Relation to First Half of Fiscal 2022.
Plan to Invest Approximately $70.0 Million of Capital on Attractive Organic Growth Opportunities During Fiscal 2022.
FY Earnings per Share View $9.21 -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $347.81 Million
Adjusted EPS is expected to be $1.53

Next Quarter Revenue Guidance is expected to be $386.81 Million
Next Quarter EPS Guidance is expected to be $1.69

More details on our Analysts Page.