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Hibbett profit and sales fall below estimates and company offers soft guidance

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Hibbett Inc. said Friday it had net income of $38.4 million, or $2.91 a share, for its fiscal fourth quarter through Jan. 28, up from $17.7 million, or $1.25...

Hibbett Inc.

said Friday it had net income of $38.4 million, or $2.91 a share, for its fiscal fourth quarter through Jan. 28, up from $17.7 million, or $1.25 a share, in the year-earlier period. The sporting apparel retailer said sales rose to $458.3 million from $383.3 million a year ago. The FactSet consensus was for EPS of $2.96 and sales of $480 million. Same-store sales rose 15.5%, but were also below the 21.6% FactSet consensus.

said Friday it had net income of $38.4 million, or $2.91 a share, for its fiscal fourth quarter through Jan. 28, up from $17.7 million, or $1.25 a share, in the year-earlier period. The sporting apparel retailer said sales rose to $458.3 million from $383.3 million a year ago. The FactSet consensus was for EPS of $2.96 and sales of $480 million. Same-store sales rose 15.5%, but were also below the 21.6% FactSet consensus.

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