• Thu, May 18, 6:32 AM
    • Hibbett Sports (NASDAQ:HIBB): Q1 EPS of $0.97 beats by $0.01.
    • Revenue of $275.69M (-2.3% Y/Y) misses by $0.99M.
    • Press Release
    Thu, May 18, 6:32 AM
  • Wed, May 17, 5:30 PM
    Wed, May 17, 5:30 PM | 26 Comments
  • Tue, May 16, 10:25 AM
    • Weak guidance from Dick's Sporting Goods (DKS -10.1%), along with some negative comments from analysts following the print, have the entire sporting good sector on edge. The Dick's numbers were alarming enough to push UBS to a rapid-fire downgrade to Hold from Buy.
    • The general overriding concerns on the category are that consumer spending trends remain unsteady and online competition (Amazon and more) continues to hammer away at pricing.
    • Notable decliners include Hibbett Sports (HIBB -2.9%), Big 5 Sporting Goods (BGFV -0.4%), Acushnet Holdings (GOLF -0.6%), Cabela's (CAB -0.3%), Sportsman's Warehouse (SPWH -3.1%), Johnson Outdoors (JOUT -0.9%), Vista Outdoor (VSTO -1.2%), Under Armour (UAA -3.2%), Nike (NKE -1.7%), Columbia Sportswear (COLM -0.8%), Finish Line (FINL -2.9%) and Foot Locker (FL -1.8%).
    • Previously: Dick's Sporting Goods EPS in-line, misses on revenue (May 16)
    • Previously: Dick's plummets after comparable sales fall short (May 16)
    Tue, May 16, 10:25 AM | 8 Comments
  • Fri, May 12, 8:43 AM
    • Retail sales were up 4.5% compared to a year ago in April, led by strength in the nonstore retailers (Amazon) and building material & garden equipment categories (HD, LOW). A decent revision to the March number nearly washes out the consensus miss with the headline April tally.
    • Grocery store sales (KR, SVU, WFM, IMKTA, SFM, SFS, WMK, SFM) disappointed during the month, falling 0.4% month-over-month and only gaining 1.9% on a year-over-year comparison.
    • The category that includes sporting goods (CAB, GOLF, BGFV, DKS, HIBB) showed a 0.6% improvement from March, but was down 2.4% compared to last year. Bankrupcties are playing a factor in the industry.
    • Restaurant sales (MENU) kept pace with broad retail in April, a shift from recent trends.
    • Previously: Retail sales below expectations for April (May 12)
    Fri, May 12, 8:43 AM | 10 Comments
  • Wed, Apr. 26, 9:08 AM
    • Hibbett Sports (NASDAQ:HIBB) lowers its guidance due to the impact of using markdowns to clear older inventory.
    • The company expects Q1 comparable sales to fall 4% to 5%. The drop in sales leverage results in Hibbett setting Q1 EPS at $0.94 to $0.97 vs. $1.14 consensus and full-year EPS at $2.35 to $2.55 vs. $2.78 prior and $2.72 consensus.
    • "We experienced a slow start to the quarter with a double-digit decline in comparable store sales in February, most of which we believe was attributable to a delay in tax refunds. Comparable store sales improved significantly in March to the positive mid-single digit range, but did not offset the decline in February," says CEO Jeff Rosenthal.
    • "So far in April, we are very pleased with continued comparable store sales in the mid-single digit range, driven by strength in footwear and the successful rollout of our store-to-store/home initiative," he adds.
    Wed, Apr. 26, 9:08 AM
  • Tue, Apr. 18, 10:52 AM
    • Hibbett Sports (HIBB -2.7%) trades lower after Susquehanna cuts its estimates for Q1 comparable sales growth to -2% from -1%.
    • The poor traffic seen in February extended into March and April, warns analyst Sam Poser.
    • The retailer is rated at Hold and assigned a price target of $32.
    Tue, Apr. 18, 10:52 AM
  • Wed, Mar. 29, 2:08 PM
    • Border tax fears continue to seep away from the retail sector as more members of the GOP indicate that they support a more traditional style of tax reform. The recent failure of President Trump to get a healthcare bill passed also is indicative of how tricky it might be to see an adjusted border tax policy approved by Congress.
    • Couple with some recent favorable macroeconomic news, investors are showing some confidence in companies that make and sell clothes.
    • The group of apparel-focused stocks moving higher today include Destination XL Group (DXLG +8%), Dillard's (DDS +6.7%), Ascena Retail Group (ASNA +6.6%), Stage Stores (SSI +5.7%), J.C. Penney (JCP +7.3%), Hibbett Sports (HIBB +5.1%), Abercrombie & Fitch (ANF +4.3%), Express (EXPR +4%), Kohl's (KSS +3.8%), Land's End (LE +3.4%), Cherokee (CHKE +6.9%), Gap (GPS +4%), G-III Apparel (GIII +6.1%), Oxford Industries (OXM +1.8%), Crocs (CROX +3.5%), Fossil (FOSL +2.1%), Vera Bradely (VRA +2%), Sequential Brands Group (SQBG +2.2%)  and Urban Outfitters (URBN +4.1%).
    Wed, Mar. 29, 2:08 PM | 24 Comments
  • Wed, Mar. 15, 9:06 AM
    • Retail sales edged higher in a month that many analysts think was influenced by a late dispersal of tax refund checks.
    • Categories showing some relative strength included furniture & home furnishing stores (+0.7% M/M and +4.9% Y/Y) and health & personal care stores (+0.7% M/M and +7.0% Y/Y). Those marks could be be considered positive for retailers such as Ulta Beauty (NASDAQ:ULTA). e.l.f. Beauty (NYSE:ELF), Williams-Sonoma (NYSE:WSM), Pier 1 Imports (NYSE:PIR), La-Z-Boy (NYSE:LZB), Walgreen Boots Alliance (NASDAQ:WBA) and others.
    • Department store sales (-1.1% M/M, -5.6% Y/Y) were weak once again, while the category that includes sporting goods (DKS, HIBB, SPWH, CAB) sales also fell back (-0.4% M/M, -3.6% Y/Y).
    • The Amazon (NASDAQ:AMZN)-dominated nonstore retailers category showed the strongest pace of sales in February (+1.2% M/M, +13.0% Y/Y).
    • Full Retail Sales report
    • Previously: Retail sales edge higher (March 15)
    Wed, Mar. 15, 9:06 AM | 14 Comments
  • Fri, Mar. 10, 9:51 AM
    • Hibbett Sports (HIBB +5.4%) reports comparable-store sales fell 2.2% in Q4.
    • Gross margin rate slipped 180 bps to 33% due to markdowns taken to reduce inventory, a negative effect of product mix due to higher footwear sales, and de-leverage of logistics and store occupancy expenses associated with lower comparable store sales.
    • Store operating, selling, and administrative expenses rate grew 140 bps to 23.8%.
    • Operating margin rate down 350 bps to 7.7%.
    • Store count +34 Y/Y to 1,078.
    • FY2018 Guidance: Comparable-store sales: Low-single digit range growth; Gross margin: relatively flat; Diluted EPS: $2.65 to $2.85; Capex: ~$25M to $30M; New stores: ~50 to 60.
    Fri, Mar. 10, 9:51 AM
  • Fri, Mar. 10, 6:32 AM
    • Hibbett Sports (NASDAQ:HIBB): Q4 EPS of $0.54 in-line.
    • Revenue of $246.93M (+0.5% Y/Y) misses by $5.15M.
    • Press Release
    Fri, Mar. 10, 6:32 AM
  • Thu, Mar. 9, 5:30 PM
  • Tue, Feb. 14, 12:41 PM
    Tue, Feb. 14, 12:41 PM
  • Tue, Feb. 14, 9:18 AM
    Tue, Feb. 14, 9:18 AM | 4 Comments
  • Tue, Feb. 14, 7:05 AM
    • SunTrust lowers Hibbett Sports (NASDAQ:HIBB) to a Hold rating from Buy.
    • The investment firm takes its price target on the retailer all the way down to $34 from $45.
    • The average price target from Wall Street firms is $35.
    • Hibbett posted weak preliminary Q4 results yesterday.
    • Previously: Hibbett Sports warns on Q4 earnings miss (Feb. 13)
    • HIBB -5.41% premarket to $31.45.
    Tue, Feb. 14, 7:05 AM
  • Mon, Feb. 13, 5:36 PM
    Mon, Feb. 13, 5:36 PM
  • Mon, Feb. 13, 4:34 PM
    • Hibbett Sports (NASDAQ:HIBB) provides preliminary Q4 results.
    • The company says sales increased 0.5% Y/Y to $247M vs. $254M consensus. Comparable store sales were down 2.2% for the quarter.
    • EPS is seen falling in a range of $0.53 to $0.55 vs. $0.68 consensus.
    • "We were disappointed with sales in the fourth quarter. Weaker traffic during the holiday season and lower than expected sales in apparel and equipment led to a comparable store sales decline," says CEO Jeff Rosenthal.
    • Shares are currently under a trading halt.
    • Source: Press Release
    Mon, Feb. 13, 4:34 PM