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Hibbett, Inc. - $HIBB STOCK NEWS

Welcome to our dedicated page for Hibbett news (Ticker: $HIBB), a resource for investors and traders seeking the latest updates and insights on Hibbett stock.

Hibbett, Inc. (Symbol: HIBB) is a prominent player in the retail sports goods industry, with its headquarters nestled in Birmingham, Alabama. The company has grown significantly since its humble beginnings as a neighborhood sporting goods store, now boasting over 1,080 stores across 35 states. Despite its expansion, Hibbett, Inc. remains committed to its core philosophy - 'It's all about the customer.'

Hibbett, Inc. operates through three main retail formats: Hibbett Sports, City Gear, and Sports Additions. Hibbett Sports is the primary format, offering a wide range of sporting goods, including apparel, footwear, accessories, and equipment for team sports. City Gear and Sports Additions are smaller-format stores that primarily focus on athletic footwear with a fashion-forward approach.

The company's product lineup is impressive, featuring top brands such as Nike, Under Armour, Adidas, The North Face, Jordan, and Costa. These brands ensure that customers have access to the latest products and exclusive items that are harder to find, helping athletes and sports enthusiasts stay ahead of the competition.

Hibbett, Inc. has not only focused on its product offerings but also on creating an exceptional shopping experience. The knowledgeable staff in their stores are dedicated to helping customers reach their next level of play, whether they are shopping for themselves or an entire team. This personalized customer service ethos is a key differentiator in the competitive retail landscape.

Financially, Hibbett, Inc. has demonstrated robust performance, leveraging its strategic presence in the South, Southwest, Mid-Atlantic, and Midwest regions of the United States. The company's growth is driven by its ability to adapt to market trends and consumer preferences, ensuring that it remains relevant in an ever-evolving market.

In recent developments, Hibbett, Inc. has continued to innovate and expand its product offerings and store formats. The company is constantly exploring new partnerships and collaborations with leading brands to enhance its product range and appeal to a broader audience. This forward-thinking approach positions Hibbett, Inc. as a dynamic and resilient player in the retail sports goods industry.

Stay updated with the latest news and developments from Hibbett, Inc. to keep a pulse on their performance, new product launches, and strategic initiatives. Whether you're an investor, a customer, or a sports enthusiast, Hibbett, Inc. offers a wealth of opportunities and insights.

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Hibbett reported its first quarter fiscal 2025 results, with net sales decreasing by 1.8% to $447.2 million and comparable sales down by 5.8%. The diluted EPS was $2.67, down from $2.74 in the prior year. Gross margin improved to 35.8% due to higher product margins.

However, SG&A expenses increased to 23.7% of net sales, largely due to inflation and transaction-related fees. The quarter ended with a net income of $32.5 million. Hibbett also announced a pending acquisition by JD Sports, with shareholders set to receive $87.50 per share. The transaction is expected to close in the second half of 2024.

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Hibbett, an athletic-inspired fashion retailer, will release its first-quarter 2025 earnings on June 5, 2024, before market hours. With 1,169 stores across 36 states, Hibbett offers a variety of top brand products, including Nike, Jordan, and adidas. This announcement will not be followed by a conference call or webcast.

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Hibbett, Inc. has entered into a definitive agreement to be acquired by JD Sports Fashion plc for $1.1 billion, with an offer of $87.50 per share in cash. The deal represents a 21% premium to the April 22, 2024, closing price and a 29% premium to the 120-trading day volume weighted average price. The combination of the two companies aims to create a global platform for distributing athletic fashion products, with Mike Longo continuing as President and CEO of Hibbett, and Jared Briskin taking on the role of COO. The transaction is expected to close in the second half of 2024, pending stockholder and regulatory approvals.
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Hibbett, Inc. (HIBB) reported Q4 diluted EPS of $2.55 & full year diluted EPS of $8.17, aligning with recent guidance. Q4 comparable sales decreased by 6.4% compared to the prior year. Fiscal 2024 saw a 1.2% net sales growth. Fiscal 2025 outlook includes flat to 2.0% sales growth, with detailed guidance on various metrics.
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Hibbett, Inc. (HIBB) to release Q4 and full-year 2024 earnings on March 15, 2024, with a live webcast at 9:00 a.m. ET. The event will be available for replay online for 30 days.
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Hibbett, Inc. (HIBB) raises full-year fiscal 2024 diluted EPS guidance after reporting Q3 diluted EPS of $2.05 versus $1.94 prior year. Q3 comparable sales decreased 2.7% versus prior year, with YTD net sales 1% higher than prior year.
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Hibbett, Inc. announces details for the release of its Q3 fiscal 2024 earnings. The earnings release will be issued on November 21, 2023, followed by a live webcast at 9:00 a.m. ET. The webcast will be available online and a replay will be available for 30 days.
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Hibbett announces launch of Connected Partnership with Nike, integrating loyalty programs and offering new benefits to shoppers.
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Hibbett, Inc. reports Q2 net sales decrease of 4.6% YoY and diluted EPS of $0.85. Comparable sales decrease 7.3% YoY. Gross margin declines 160 basis points due to lower average product margin. SG&A expenses increase 200 basis points primarily due to wage increases driven by inflation. Net income for Q2 is $10.9 million, down from $24.7 million YoY. Inventory increases 17.6% YoY. Reiterates full-year Fiscal 2024 guidance.
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Hibbett, Inc. to release Q2 fiscal 2024 earnings on August 25, 2023
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FAQ

What is Hibbett, Inc.?

Hibbett, Inc. is a retail company specializing in sporting goods, including apparel, footwear, accessories, and equipment for team sports.

Where is Hibbett, Inc. headquartered?

Hibbett, Inc. is headquartered in Birmingham, Alabama.

How many stores does Hibbett, Inc. operate?

Hibbett, Inc. operates over 1,080 stores across 35 states.

What brands does Hibbett, Inc. offer?

Hibbett, Inc. offers products from top brands such as Nike, Under Armour, Adidas, The North Face, Jordan, and Costa.

What are the main retail formats of Hibbett, Inc.?

Hibbett, Inc. operates through three main retail formats: Hibbett Sports, City Gear, and Sports Additions.

What types of products can I find at Hibbett Sports stores?

Hibbett Sports stores offer a wide range of sporting goods, including apparel, footwear, accessories, and equipment needed for team sports.

How does Hibbett, Inc. differentiate itself from competitors?

Hibbett, Inc. differentiates itself through personalized customer service, exclusive product offerings, and a strong presence in key U.S. regions.

What recent developments have occurred at Hibbett, Inc.?

Hibbett, Inc. has continued to innovate by expanding its product offerings, store formats, and exploring new partnerships with leading brands.

What regions does Hibbett, Inc. primarily serve?

Hibbett, Inc. primarily serves the South, Southwest, Mid-Atlantic, and Midwest regions of the United States.

How can I stay updated on Hibbett, Inc.'s latest news and developments?

You can stay updated with the latest news and developments from Hibbett, Inc. by visiting their website and following their official channels.

Hibbett, Inc.

Nasdaq:HIBB

HIBB Rankings

HIBB Stock Data

1.04B
9.79M
2.81%
102.76%
12.65%
Sporting Goods Stores
Retail Trade
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United States of America
BIRMINGHAM