Hibbett Inc

+1.05 (+2.40%)
Other Pre-Announcement

Hibbett Reports First Quarter Results

Published: 05/27/2022 10:38 GMT
Hibbett Inc (HIBB) - Hibbett Reports First Quarter Results.
Q1 Same Store Sales Fell 18.9 Percent.
Sees FY Earnings per Share $9.75 to $10.50.
Q1 Earnings per Share $2.89.
Q1 Sales Fell 16.3 Percent to $424.1 Million.
Supply Chain Disruption We Experienced at End of Last Year Has Improved.
Our Current Inventory Position is Strong and Consistent With Our Forecast.
Expect to Face a Number of Business and Economic Challenges in 52-week Fiscal Year Ending January 28, 2023.
Reiterating Our Previous Financial Guidance for Fiscal 2023.
Sees FY Total Net Sales Are Expected to Be Relatively Flat in Dollars Compared to Our Fiscal 2022 Results.
FY2023 Earnings per Share View $9.74, Revenue View $1.66 Billion -- Refinitiv Ibes Data (analyst estimates).
Q1 Earnings per Share View $3.09, Revenue View $427.7 Million -- Refinitiv Ibes Data (analyst estimates).