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.
Hibbett Sports, Inc. (Nasdaq/GS: HIBB) reported a strong fourth quarter and fiscal year 2021, ending January 30, 2021, with net sales increasing 20.4% to $376.8 million and a net income of $23.9 million, or $1.39 per diluted share. E-commerce sales grew 44.8%, contributing to a gross margin of 37.1%. For fiscal year 2021, sales reached $1.42 billion, a 19.9% increase. Looking ahead, Hibbett provided cautious guidance for fiscal 2022, anticipating comparable sales ranging from negative low-single digits to positive low-single digits.
Hibbett Sports (Nasdaq/GS: HIBB) has announced it will release its fourth quarter and year-end 2021 earnings on March 5, 2021, before the market opens. A conference call to discuss these results will take place at 10:00 a.m. ET on the same day, with live broadcast available on its website. Hibbett operates 1,067 stores and is known for its customer service and a range of popular athletic brands. Interested parties can access the earnings release and replay the conference call online for 30 days.
Hibbett Sports (NASDAQ:HIBB) has announced the opening of a new store in Colonial Heights, Virginia, on February 13, 2021. The 5,300 square foot boutique-style location features a variety of exclusive footwear, athletic apparel, and equipment from brands like Nike and adidas. Customers can take advantage of modern shopping options, including Buy Online Pick Up In Store and Curbside Pick Up. The grand opening will include giveaways and promotions. This marks Hibbett's first store in Colonial Heights, expanding its presence to nearly 1,100 locations across 35 states.
Hibbett Sports (NASDAQ:HIBB) has opened a new store in Vallejo, California, enhancing its reach in the region. This boutique-style location spans 4,900 square feet and offers exclusive footwear and athletic apparel from brands like Nike and adidas. Customers can enjoy shopping amenities like Buy Online Pick Up In Store and curbside pickup. The grand opening is scheduled for February 13, 2021, featuring promotions and giveaways. This marks the second Hibbett store in the area, following the Antioch location, as the company continues to expand its retail footprint nationwide.
Hibbett Sports (NASDAQ:HIBB) has opened a new store in Columbia, Alabama, enhancing its presence with its second location in the area. The 5,000-square-foot boutique is designed for easy navigation and features popular brands such as Nike, Jordan, and adidas. Shoppers will have convenient options, including Buy Online Pick Up In Store and curbside pickup. A Grand Opening event is scheduled for February 13, 2021, from 11 AM to 1 PM, with door prizes and promotions.
Hibbett Sports, Inc. (Nasdaq: HIBB) reported preliminary financial results for Q4 and FY 2021, highlighting a 21.9% increase in comparable sales for the fourth quarter, surpassing prior guidance. The adjusted diluted EPS is projected between $1.30 - $1.40, above previous estimates of $1.00 - $1.10. For FY 2022, comparable sales are expected to be flat to low-single-digit growth, with diluted EPS guidance set at $5.00 - $5.50. The company attributes strong performance to customer retention and effective inventory management amid ongoing market challenges.
Hibbett Sports (NASDAQ:HIBB) announces a unique partnership with Nike and NiceKicks for the Small-Town Sneakerhead campaign, launching on December 17, 2020. This initiative celebrates sneaker culture in small towns by featuring collectors and their stories. To promote the campaign, Hibbett is giving away $1000 gift cards to two winners who share their sneaker collections on social media. The series aims to engage with sneaker enthusiasts nationwide, showcasing individual stories from sneakerheads, including Cheyenne native Brett Drake.
Hibbett Sports reported strong financial results for Q3 2020, with net sales increasing 20.3% to $331.4 million. Comparable sales rose by 21.2%, fueled by new customer retention and back-to-school spending. Gross margin improved to 38.3%, up from 32.7% in the prior year, while net income surged to $25.3 million, or $1.47 per diluted share. E-commerce sales grew by 50.7%, comprising 13.2% of total sales. Hibbett anticipates continued momentum in Q4, projecting comparable sales growth in the high-single to low-double digits and gross margin improvement of approximately 380-400 basis points.
Hibbett Sports (NASDAQ: HIBB) has announced a significant restructuring of its Merchandising Leadership Team, aimed at enhancing consumer focus through a 'toe-to-head' strategy across product categories. The alignment includes the appointment of industry veteran Stephani Smith as VP/GMM Hibbett, who brings 27 years of experience from Nike. This new structure is designed to improve customer shopping experiences by closely targeting specific demographics, particularly women, thereby potentially strengthening Hibbett's market position in the athletic retail sector.
