More on Hibbett Sports' Q2

• Hibbett Sports (NASDAQ:NASDAQ:HIBB) reports comparable-store sales declined 1.1% in Q2.
• Gross profit rate declined 50 bps to 32.7%.
• Store operating, selling, and administrative expenses rate rose 120 bps to 25.2% mainly due to lower comparable-store sales.
• Operating margin rate fell 170 bps to 5.4%.
• Store count +64 Y/Y to 1,014.
• FY2016 Guidance:Comparable-store sales: flat or increase in the low single-digit range; Diluted EPS: $2.80 to $2.90.