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Hibbett Inc - HIBB STOCK NEWS

Welcome to our dedicated page for Hibbett news (Ticker: HIBB), a resource for investors and traders seeking the latest updates and insights on Hibbett stock.

Hibbett Inc (HIBB) delivers athletic footwear, apparel, and equipment through its nationwide retail network. This news hub provides investors and industry observers with direct access to the company's official announcements and market developments.

Track all essential updates in one centralized location, including quarterly earnings disclosures, product line expansions, and strategic brand collaborations. Our curated feed ensures timely access to operational milestones that shape HIBB's position in the competitive sporting goods sector.

Key updates include leadership changes, store expansion plans, and exclusive partnership agreements with major athletic brands. The collection serves as a reliable resource for understanding HIBB's financial health and retail strategy execution.

Bookmark this page for streamlined monitoring of Hibbett's regulatory filings, inventory management innovations, and community engagement initiatives. Regular updates provide actionable insights for stakeholders tracking this customer-focused retailer's market trajectory.

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Hibbett, Inc. (Nasdaq/GS: HIBB) has announced the completion of its acquisition by JD Sports Fashion plc, effective July 25, 2024. As a result, Hibbett will no longer be a stand-alone publicly traded company. Mike Longo will continue as President and CEO, while Jared Briskin will become Chief Operating Officer. The company will maintain its headquarters in Birmingham, Alabama.

Hibbett, with 1,169 stores across 36 states, is known for its athletic-inspired fashion retail. The acquisition is expected to provide significant growth opportunities through strong vendor relationships, an omni-channel platform, and efficient supply chain operations. JD Sports Fashion plc, founded in 1981, is a global omnichannel retailer of sports fashion brands, focusing on athleisure fashion and delivering products from established and new brands.

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Hibbett reported its first quarter fiscal 2025 results, with net sales decreasing by 1.8% to $447.2 million and comparable sales down by 5.8%. The diluted EPS was $2.67, down from $2.74 in the prior year. Gross margin improved to 35.8% due to higher product margins.

However, SG&A expenses increased to 23.7% of net sales, largely due to inflation and transaction-related fees. The quarter ended with a net income of $32.5 million. Hibbett also announced a pending acquisition by JD Sports, with shareholders set to receive $87.50 per share. The transaction is expected to close in the second half of 2024.

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Hibbett, an athletic-inspired fashion retailer, will release its first-quarter 2025 earnings on June 5, 2024, before market hours. With 1,169 stores across 36 states, Hibbett offers a variety of top brand products, including Nike, Jordan, and adidas. This announcement will not be followed by a conference call or webcast.

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Hibbett, Inc. has entered into a definitive agreement to be acquired by JD Sports Fashion plc for $1.1 billion, with an offer of $87.50 per share in cash. The deal represents a 21% premium to the April 22, 2024, closing price and a 29% premium to the 120-trading day volume weighted average price. The combination of the two companies aims to create a global platform for distributing athletic fashion products, with Mike Longo continuing as President and CEO of Hibbett, and Jared Briskin taking on the role of COO. The transaction is expected to close in the second half of 2024, pending stockholder and regulatory approvals.
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Hibbett, Inc. (HIBB) reported Q4 diluted EPS of $2.55 & full year diluted EPS of $8.17, aligning with recent guidance. Q4 comparable sales decreased by 6.4% compared to the prior year. Fiscal 2024 saw a 1.2% net sales growth. Fiscal 2025 outlook includes flat to 2.0% sales growth, with detailed guidance on various metrics.
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Hibbett, Inc. (HIBB) to release Q4 and full-year 2024 earnings on March 15, 2024, with a live webcast at 9:00 a.m. ET. The event will be available for replay online for 30 days.
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Hibbett, Inc. (HIBB) raises full-year fiscal 2024 diluted EPS guidance after reporting Q3 diluted EPS of $2.05 versus $1.94 prior year. Q3 comparable sales decreased 2.7% versus prior year, with YTD net sales 1% higher than prior year.
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Hibbett, Inc. announces details for the release of its Q3 fiscal 2024 earnings. The earnings release will be issued on November 21, 2023, followed by a live webcast at 9:00 a.m. ET. The webcast will be available online and a replay will be available for 30 days.
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Hibbett announces launch of Connected Partnership with Nike, integrating loyalty programs and offering new benefits to shoppers.
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Hibbett, Inc. reports Q2 net sales decrease of 4.6% YoY and diluted EPS of $0.85. Comparable sales decrease 7.3% YoY. Gross margin declines 160 basis points due to lower average product margin. SG&A expenses increase 200 basis points primarily due to wage increases driven by inflation. Net income for Q2 is $10.9 million, down from $24.7 million YoY. Inventory increases 17.6% YoY. Reiterates full-year Fiscal 2024 guidance.
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