Hibbett Sports Reports 10% Surge In Q4 EPS

Hibbett Sports Inc HIBB reported 10% y/y rise in its Q4 earnings per share.

The company reported its Q4 EPS at $0.44, up from $0.40, in the year-ago period. HIBB's Q4 revenue increased 3.8% to $173.2 million, versus $166.8 million, in the year-ago quarter. However, analysts were expecting earnings of $0.43 per share on revenue of $178.47 million.
The company reported its Q4 net income at $12.5 million, up from $11.8 million, in the year-earlier period. HIBB's comparable store sales rose 1.23%.

HIBB projects its FY12 earnings within a range of $1.70 to $1.90 per share, compared with analysts' estimates of $1.80 per share. The company projects to open 50 to 55 new stores and close 10 to 15 stores in FY12.

HIBB shares gained 1.38% to close at $32.98 yesterday.

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