Hibbett, Inc. (HIBB) is likely to witness year-over-year declines in its top and bottom lines when it reports first-quarter fiscal 2025 results on Jun 5. The Zacks Consensus Estimate for revenues is pegged at $449.5 million, indicating a decline of 1.3% from the prior-year quarter's reported figure. For the fiscal first quarter, the consensus estimate for earnings has been unchanged in the past 30 days at $2.68. However, the consensus mark indicates a decline of 2.2% from that reported in the prior-year per ...

NEW YORK, April 24, 2024 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers. Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies. Kuehn Law is investigating whether the Boards of the below companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process: Hibbett has agreed to be acquired by JD Sport ...

Hibbett is being acquired at a reasonable price.Shares of sports retailer Hibbett (HIBB 19.19%) soared higher on Tuesday morning after the company agreed to be acquired by British retailer JD Sports Fashion for $1.1 billion. As of 10:30 a.m. ET, Hibbett stock was up 19% and hitting 52-week highs.A good year for Hibbett shareholdersThis deal has already been unanimously approved by Hibbett's board of directors and is expected to close later this year, pending shareholder and regulatory approval.Under the ter ...

About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...

JD Sports CEO Regis Schultz has set out an ambitious growth plan for the sports retailer.World Retail Congress/Gomes PhotographyThe U.K.’s biggest sportswear retailer JD Sports Fashion is to buy Alabama-based athletic fashion retailer Hibbett Inc. for about $1.08 billion, the companies said Tuesday.As JD Sports looks to grow its presence across the south-eastern U.S., it confirmed that it will pay $87.50 per Hibbett share in cash, representing a premium of about 20% to the U.S. firm's last closing price.The ...

Hibbett, Inc. (HIBB) appears well-poised for growth, thanks to its robust business strategies. The company has been gaining from its e-commerce initiatives and store expansion efforts. Also, the smooth execution of the company’s business strategies, with the effectiveness of its approach to maneuvering a tough retail environment, has been yielding. Its footwear category has been a key driver.Shares of this current Zacks Rank #3 (Hold) company have surged 53.7% in the past six months compared with the indust ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: February 3, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or For the transition period from: __________________________ to __________________________ Commission file number: 000-20969 HIBBETT, INC. (Exact name of registrant as specified in its charter) De ...

Net Sales Performance - Net sales for the 14-weeks ended February 3, 2024, increased 1.8% to $466.6 million compared with $458.3 million for the 13-weeks ended January 28, 2023[12] - Net sales for the 53-weeks ended February 3, 2024, increased 1.2% to $1.73 billion compared with $1.71 billion for the 52-weeks ended January 28, 2023[14] - Comparable sales for the 53-week Fiscal 2024 decreased by 3.1%, with net sales increasing by 1.2%[33] E-commerce Performance - E-commerce represented 18.9% of total net sales for the 14-weeks ended February 3, 2024, compared to 17.4% in the 13-weeks ended January 28, 2023[2] - E-commerce comparable sales are projected to increase in the mid to high-single digit range[28] Net Income and Earnings Per Share - Net income for the 14-weeks ended February 3, 2024, was $30.9 million, or $2.55 per diluted share, compared to $38.4 million, or $2.91 per diluted share for the 13-weeks ended January 28, 2023[3] - Net income for the 53-weeks ended February 3, 2024, was $103.2 million, or $8.17 per diluted share, compared to $128.1 million, or $9.62 per diluted share for the 52-weeks ended January 28, 2023[17] - Diluted earnings per share are anticipated to be in the range of $8.00 to $8.75[28] Gross Margin - Gross margin was 34.5% of net sales for the 14-weeks ended February 3, 2024, compared with 35.2% of net sales for the 13-weeks ended January 28, 2023[6] - Gross margin was 33.8% of net sales for the 53-weeks ended February 3, 2024, compared with 35.2% of net sales for the 52-weeks ended January 28, 2023[15] - Gross margin is anticipated to be in the range of 34.2% to 34.5%, reflecting a 40 to 70 basis points improvement compared to Fiscal 2024[28] Inventory - Inventory as of February 3, 2024, was $344.3 million, an 18.2% decrease compared to the prior year fourth quarter[7] Capital Expenditures - Capital expenditures during the 53-weeks ended February 3, 2024, were $57.9 million compared to $62.8 million in the 52-weeks ended January 28, 2023[19] - Capital expenditures are expected to be between $65 to $75 million, primarily focused on store development initiatives[28] Fiscal 2025 Expectations - Total sales for Fiscal 2025 are expected to be flat to up approximately 2.0% compared to Fiscal 2024 results[28] - Comparable sales for Fiscal 2025 are anticipated to be flat to down in the low-single digit range, with brick and mortar comp sales expected to be flat to negative low-single digits[28] - Net new store growth is expected to be approximately 45 to 50 units, with ~80% from Hibbett and ~20% from City Gear[28] - SG&A as a percent of net sales is expected to increase by 90 to 120 basis points, reaching 23.9% to 24.2%[28] - Operating profit is projected to be in the range of 7.0% to 7.4%, a decline of 50 to 90 basis points compared to Fiscal 2024[28] Impact of Extra Week in Fiscal 2024 - The extra week in Fiscal 2024 increased fourth quarter and full year net income by an estimated $2.6 to $2.8 million, translating to an approximate diluted EPS range of $0.21 to $0.23 for the fourth quarter and $0.21 to $0.22 for the full year[20]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 28, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________________ to __________________________ COMMISSION FILE NUMBER: 000-20969 HIBBETT, INC. (Exact name of registrant as specified in its chart ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 29, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________________ to __________________________ COMMISSION FILE NUMBER: 000-20969 HIBBETT, INC. FORM 10-Q (Mark One) (Exact name of registrant as specified in its charter) ...