Sales momentum for Hibbett Sports in Q4

|About: Hibbett Sports, Inc. (HIBB)|By:, SA News Editor

Hibbett Sports (NASDAQ:HIBB) reports comparable-store sales rose 5.4% in Q4.

The company's gross profit rate slipped 30 bps to 35.5%.

Store operating, selling, and administrative expenses rate fell 130 bps to 20.4%.

Inventory +6.1% Y/Y to $240.41M.

Store count +61 net Y/Y to 988.

FY16 guidance: Hibbett expects comp sales growth in a low-to-mid single digit rate. EPS of $2.95-$3.09 expected.