Join        Login             Stock Quote

Hibbett Sports (HIBB) Q4 Profit Tops Street; Sales Up 14 Pct, Margins Improve

 March 15, 2013 07:27 AM

(By Balachander) Hibbett Sports Inc. (NASDAQ: HIBB) posted a 23 percent growth in quarterly earnings, beating market expectations, on double-digit sales increase and expansion of margins.

Earnings increased to $19.4 million or $0.73 per share for the three months ended Feb. 2 from $15.8 million or $0.59 per share in the fourth quarter of last year.

Net sales rose 14 percent to $217 million and comparable store sales went up 4.9 percent.

Wall Street analysts, on average, expected HIBB to earn 71 cents a share on sales growth of 13.80 percent.

"The holiday season was strong due to solid performance in footwear, apparel, and accessories," CEO Jeff Rosenthal said.

[Related -My Top 10 Fairly Valued Fast-Growing Stocks]

Gross margin improved to 36.1 percent from 35.8 percent.

For the full year, Hibbett earned $73 million on sales of $819 million.

Looking ahead for fiscal 2014, the company expects EPS in the range of $2.85 to $3.05, while analysts expect $3.02. HIBB forecasts comparable store sales growth in the low to mid-single digit range.

As of Feb. 2, the company's store base was 873 in 29 states.

HIBB shares, which have been trading in the 52-week range between $49.78 and $63.39, closed Thursday's trading at $53.63.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageSavings Glut and Financial Imbalances

Martin Wolf in today's Financial Times discusses the reasons for low interest rates and suggests some read on...

article imageA Dividend Aristocrat Is Now On Sale

The bear market investors have been dreading is already here for many individual stocks. While the S&P 500 read on...

article imageTwo Picks to Play Defense in a Slowing Economy

Is the economy slowing? Last Thursday the Institute for Supply Management (ISM) reported that its read on...

article imageUS Jobless Claims Fall, Moving Closer To Multi-Decade Low… Again

US jobless claims continue to cast a positive glow on the outlook for the labor market. Today’s weekly read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.