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Sales momentum for Hibbett Sports in Q4

Mar. 13, 2015 6:52 AM ETHibbett, Inc. (HIBB)HIBBBy: Clark Schultz, 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.

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