Hibbett Sports 2Q same-store sales rise 4.8 percent, raises guidance - SNEWS

Hibbett Sports 2Q same-store sales rise 4.8 percent, raises guidance

Hibbett Sports continued to shine, reporting higher same-store sales for the second quarter 2012. Officials also raised the company’s guidance for the full year 2012.
Author:
Updated:
Original:

Hibbett Sports continued to shine, reporting higher same-store sales for the second quarter 2012. Officials also raised the company’s guidance for the full year 2012.

The Birmingham, Ala.-based retail chain reported its same-store sales up 4.8 percent, the 11th straight quarter of gains as Hibbett has best weathered the warm winter among its peers with more of a focus on athletic and spring/summer gear. Dick’s Sporting Goods, Sports Chalet, and Big Five Sporting Goods were all back into positive territory in the second quarter after earlier experiencing weaker results due to the weak winter.

Total second-quarter sales for Hibbett (including seven new stores, three expansions and five closings) rose 8 percent to $156.4 million. Quarterly net income increased to $7.9 million, versus $5.9 million a year ago.

Officials said they continue to see strong sales and margin growth for 2012 (the company’s 2013 fiscal year). They see same-store sales now rising in the mid-single-digit percentage range for the full year.

Hibbett Sports has 837 stores in 26 states. Throughout this year the company plans to open 55 to 60 stores, expand 15 and close 18.

--David Clucas

Related

Hibbett_Sports_logo.jpg

Hibbett Sports same-store sales jump 11 percent; officials raise guidance

Hibbett Sports (Nasdaq: HIBB) continued to bask in the sunlight of a warm spring, reporting an 11.1 percent rise in same-store sales for the three months ending April 28, 2012. The Birmingham, Ala.-based outdoor, fitness and sporting goods chain saw its overall sales (including ...read more

Hibbett_Sports_logo.jpg

Hibbett Sports 3Q same-store sales up 6.4 percent

The consensus is in — the third quarter 2012 was a good one for national outdoor and fitness retail chains. Hibbett Sports (Nasdaq:HIBB) joined the party Friday, reporting its third-quarter same-store sales up 6.4 percent on strong back-to-school, apparel and footwear sales. ...read more

Hibbett_Sports_logo.jpg

Hibbett Sports skips past winter, same-store sales up 7 percent

Hibbett Sports reported its latest quarterly same-store sales up 7.2 percent, lifting the sporting goods retailer past its peers this warm winter. The Birmingham, Ala.-based chain with 832 stores benefited from the mild winter with its product focus on athletic activewear and ...read more

Financials09sm.jpg

Financials: Dick’s Sporting Goods 2Q same-store sales rise 3.8 percent; Mammut mid-year sales up; Spyder up for sale

Sporting goods sales continue to rise with this summer’s temperatures. Pittsburgh-based Dick’s Sporting goods reported same-store sales up 3.8 percent, joining its peer national outdoor/fitness retailers reporting better-than-expected positive figures as the brands recover from ...read more

SportChalet.jpg

Retail recovery: Sport Chalet same-store sales up 5 percent

What a difference a season makes. Sport Chalet (Nasdaq:SPCHA) joined its peer Big Five Sporting Goods in reporting higher same-store sales and profit for its latest quarter, a sign that the national outdoor and fitness retailers have bounced back from last year’s bad winter with ...read more

Hibbett_Sports_logo.jpg

Lucky number: Hibbett Sports reports 13th straight quarter of higher same-store sales

Perhaps Hibbett Sports (Nasdaq:HIBB) has a bit of the ‘luck of the Irish’ this St. Patrick’s Day week. On Friday, it reported it’s 13th consecutive quarter of higher same-store sales — something none of its outdoor, fitness and sporting goods peers can claim after last year’s ...read more

Dicks_Logo.jpg

Dick’s Sporting Goods 2Q revenue, profit up with new and same-store sales

Dick's Sporting Goods Inc. (NYSE:DKS) reported higher revenue and 43-percent jump in profit for its fiscal second quarter, ended July 30, 2011. The Pittsburgh-based sporting goods, outdoor and fitness national retailer reported revenue up 6.6 percent to $1.3 billion for its ...read more

Fitness financials: Hibbett's Q2 profit up 2.1 percent, raises guidance, plus Dick's Sporting Goods, Foot Locker

Hibbett's Q2 profit up 2.1 percent, raises guidance Second-quarter profit for Hibbett Sports (Nasdaq: HIBB) edged up 2.1 percent as sales of athletic shoes and apparel helped the company post better-than-expected results. For the three months ending Aug. 2, Hibbett earned $4.8 ...read more

big5logo.jpg

Big Five 3Q same-store sales up 5.2 percent

Big Five Sporting Goods (Nasdaq: BGFV) reported stronger same-store sales for the second consecutive period as the national retailer recovers from a weak winter with a strong spring and summer. Same-store sales were up 5.2 percent, while overall revenue rose 7.3 percent to ...read more