Hibbett Inc.’s stock HIBB, -1.76% soared 5% in premarket trade Friday, after the sporting goods retailer beat profit estimates for the second quarter and reiterated its full-year guidance. Birmingham, Alabama-based Hibbett posted net income of $10.9 million, or 85 cents a share, compared with $24.7 million, or $1.86 a share, in the year-earlier period. Sales fell 4.6% to $374.9 million. The FactSet consensus was for EPS of 73 cents and sales of $376.0 million. Same-store sales fell 7.
“Our sales for the second quarter were supported by a strong start to the busy back-to-school season and we also benefited from a positive customer response to new product launches during the quarter,” Chief Executive Mike Longo said in a statement. The company said consumers have pulled back from making discretionary purchases due to high inflation, but Hibbett has focused on products to meet more selective interests, he added.
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Berkshire Hathaway Inc. Cl B stock rises Thursday, outperforms marketShares of Berkshire Hathaway Inc. Cl B inched 0.01% higher to $354.30 Thursday, on what proved to be an all-around rough trading session for the stock...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »
Apple Inc. stock falls Thursday, underperforms marketShares of Apple Inc. slipped 2.62% to $176.38 Thursday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »
Alphabet Inc. Cl A stock falls Thursday, underperforms marketShares of Alphabet Inc. Cl A slipped 1.96% to $129.78 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »
Netflix Inc. stock falls Thursday, underperforms marketShares of Netflix Inc. slid 4.82% to $406.93 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »
Berkshire Hathaway Inc. Cl B stock rises Wednesday, still underperforms marketShares of Berkshire Hathaway Inc. Cl B advanced 1.05% to $354.26 Wednesday, on what proved to be an all-around positive trading session for the stock market,...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »
Apple Inc. stock outperforms market on strong trading dayShares of Apple Inc. rallied 2.19% to $181.12 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »