Hibbett Sports: Q3 Earnings Insights

Shares of Hibbett Sports HIBB moved higher by 6.8% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 353.12% over the past year to $1.45, which beat the estimate of $0.45.

Revenue of $331,383,000 up by 20.30% from the same period last year, which beat the estimate of $286,420,000.

Guidance

Q4 EPS expected to be between $1.00 and $1.10.

Details Of The Call

Date: Nov 20, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/oboabejm

Technicals

Company's 52-week high was at $55.96

Company's 52-week low was at $7.33

Price action over last quarter: Up 34.85%

Company Overview

Hibbett Sports Inc is a United States-based company that is mainly engaged in the retail of sports goods. The company operates small to midsize stores and focuses its business in the South, Southwest, mid-Atlantic, and Midwest areas of the country. It offers a broad range of sporting goods, including apparel, footwear, accessories and equipment needed for team sports, with brands such as Nike, Under Armour, Adidas, The North Face, Jordan, Costa, and others. The company consists of two kinds of stores: Hibbett Sports, the company's primary retail format stores, accounting for the majority of the company's total stores, and Sports Additions, smaller-format stores primarily offering athletic footwear with a fashion-based style.