On the latest quarterly conference call for Hibbett Sports (NASDAQ:HIBB), the sporting goods retailer lowered its guidance for the back of the year due to a slowdown in consumer spending. Analysts were quick to question this guidance, calling it "overly conservative." So which side is correct? And is the recent 20% sell-off justified? I figured it would be good to provide investors with the bull and bear cases from the earnings call, as well as an update of the company's growth plans from their recent roadshow presentation, so that investors could decide for themselves. I will also provide my opinion later in the article.
Update from the Last Call
Here are some highlights from the recent earnings...
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