Hibbett Reports First Quarter Results
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Hibbett Sports (HIBB) Misses Q1 EPS by 28c, FY EPS Guidance Tops Consensus
May 27, 2022 6:34 AM UTCHibbett Sports (NASDAQ: HIBB) reported Q1 EPS of $2.89, $0.28 worse than the analyst estimate of $3.17. Revenue for the quarter came in at $424.1 million versus the consensus estimate of $431.2 million.
GUIDANCE:
Hibbett Sports sees FY2023 EPS of $9.75-$10.50, versus the consensus of $9.74.
Total net sales are expected to be relatively flat in dollars compared to our Fiscal 2022 results. This implies comparable sales are expected to be in the negative low-single digits for the full year. Brick and mortar comparable sales are expected to be in the negative low-single digit... More