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.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
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