posted an adjusted quarterly loss of 13 cents per share, smaller than the 16 cent loss expected by Wall Street. The athletic footwear and apparel retailer's revenue fell short of estimates. Hibbett's comparable store sales increase of 0.3% was also below the Refinitiv consensus forecast for a 0.4% rise.
Hibbett did raise the lower end of its full-year comparable store sales growth forecast, now expecting an increase of 1% to 2% from the prior 0.5% to 2%.The accessories retailer reported quarterly earnings of 34 cents per share, 4 cents above the consensus estimate, while revenue exceeded forecasts as well. Comparable store sales were up 1.8%, compared to expectations for a 1.4% decline.
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