Hibbett: Fiscal 2Q Earnings Snapshot

August 24, 2018

BIRMINGHAM, Ala. (AP) _ Hibbett Sports Inc. (HIBB) on Friday reported a loss of $1.2 million in its fiscal second quarter.

The Birmingham, Alabama-based company said it had a loss of 6 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The sporting goods retailer posted revenue of $211.1 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $219.1 million.

Hibbett expects full-year earnings to be $1.57 to $1.75 per share.

Hibbett shares have risen 44 percent since the beginning of the year. The stock has more than doubled in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIBB at https://www.zacks.com/ap/HIBB

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