Hibbett Sports, Inc. (Nasdaq/GS: HIBB), an athletic-inspired fashion retailer, today provided financial results for its first quarter ended May 2, 2020, and business updates.

Hibbett Sports, Inc. (Nasdaq/GS: HIBB), an athletic specialty retailer, announced the upcoming appointment of Robert J. Volke as its new Chief Financial Officer. Mr. Volke’s employment with the Company will begin April 13, 2020 in the position of Senior Vice President of Accounting and Finance. Immediately following the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2020, he will become the Chief Financial Officer. Mr. Volke will replace Scott R. Humphrey, who has been serving as the Company’s interim Chief Financial Officer. Mr. Humphrey will remain in his current role until the filing of the Annual Report on Form 10-K. After the filing of the Annual Report on Form 10-K, Mr. Humphrey will remain with the Company for a period of time in order to facilitate the transition of his duties. This will allow the Company to have continued access to his knowledge, leadership and experience during the transition. Mr. Humphrey has served as the Company’s interim Chief Financial Officer since September 2019.

Hibbett's (HIBB) Q4 results benefited from the inclusion of the City Gear business, robust footwear sales and solid comps. However, it didn't provide any view due to the coronavirus outbreak.

The global case tally from the coronavirus that causes COVID-19 climbed above 5.5 million on Tuesday, as the World Health Organization warned of the possibility of an immediate “second peak” in infections from the current wave, if countries and local governments ease measures to contain the spread too soon.

Hibbett Sports retested its 200-day moving average after Susquehanna upgraded the stock and issued a $25 price target.

BIRMINGHAM, Ala., May 15, 2020 -- Hibbett Sports, Inc. (Nasdaq/GS: HIBB) today announced details for the release of its results for the first quarter ended May 2, 2020..

Unfortunately for some shareholders, the Hibbett Sports (NASDAQ:HIBB) share price has dived 51% in the last thirty...

Stocks have high financial strength and trading below Peter Lynch earnings Continue reading...

Hibbett Sports (NASDAQ:HIBB), the Birmingham-based premium athleisure and footwear retailer operating online and in more than 1,000 stores nationwide, announced a new location will soon be opening at 1223 Silas Creek Parkway in the Parkway Plaza and is currently accepting job applications.

Hibbett Sports Inc. has joined an expanding roster of publicly traded companies that have either withdrawn or opted against providing a full-year guidance amid uncertainties stemming from the coronavirus pandemic.On Friday, the Birmingham, Ala.-based retailer reported a mixed fourth quarter and announced it would not issue an outlook for fiscal year 2021 due to the unknown impact of the outbreak on its business. It added that it expects to release its guidance in May, when it's scheduled to report its first-quarter earnings results."The coronavirus has injected a measure of uncertainty in the market. Like all retailers, we are monitoring the situation and taking the necessary steps to safeguard our customers, our employees and our stockholders," said president and CEO Mike Longo. "Currently, we do not anticipate any material disruption to our supply chain during the first quarter."Although the retailer has "experienced a slowdown in demand" this week, the executive chief added that he believes Hibbett has "ample" liquidity and financial flexibility to navigate the potential impact of the coronavirus on its business.During the fourth quarter, Hibbett logged adjusted earnings per share of 51 cents on profits that dropped 14.3% to $9 million, compared with analysts' expectations of 62 cents per share. Revenues for the period ended Feb. 1 grew 2.3% to $313 million, versus market watchers' anticipated $303.6 million.Further, comps increased 4% — the first quarter that included revenues from City Gear, which Hibbett snapped up in October 2018 for $88 million in cash. According to the company, sales improvements were driven by a 37% gain in online sales — with particularly strong results in footwear and connected apparel. (E-commerce sales accounted for 14.2% of total revenues in Q4.)In the year to date, shares for Hibbett have fallen 63%, as the market continues its plunge amid coronavirus fears. As of 11 a.m. ET, the retailer's stock was up nearly 5% to $10.20.Want more?Here Are the Big Retailers Coronavirus Could Put Out of BusinessHibbett Sports Taps City Gear Chief as Its New Top ExecHibbett Sports Stock Surges on Stellar Earnings and Raised OutlookMore from Footwear News * As Coronavirus Upends Life in America, Tax Day Is Moving to July 15 * Coronavirus-Panicked Shoppers Push Walmart to Hire 150,000 Workers * Blake Lively, Steph Curry, Russell Wilson + More Celebs Who Are Donating to the Coronavirus Fight

Q1 2021 Hibbett Sports Inc Earnings Call

Q4 2020 Hibbett Sports Inc Earnings Call

Hibbett Sports Inc. posted stronger-than-expected adjusted profit and sales for the first quarter as a steep rise in e-commerce sales helped offset the effect of closed stores during the coronavirus pandemic. The Birmingham, Ala.-based sports retailer said it had a net loss $15.3 million, or 92 cents a share, in the quarter, after income of $27.9 million, or $1.50 a share, in the year-earlier period. Adjusted per-share earnings came to 31 cents, ahead of the 19 cents FactSet consensus. Sales fell 21.4% to $269.8 million from $343.3 million, but were also ahead of the $211 million FactSet consensus. E-commerce sales rose 110.5% and accounted for 22.3% of total sales. "The decline in overall sales was mainly due to the large number of stores that were closed entirely or limited to fulfill e-commerce orders and curbside pick-up which began in March," the company said in a statement. "Hibbett Sports and City Gear stores began to reopen to customer traffic toward the end of April as permitted by the Company's landlords and the communities the company serves." The company ended the quarter with $106.2 million in cash. It has $50 million of debt outstanding and $25 million available under a $75.0 million secured credit facility. The company is not providing guidance given the uncertainty created by the pandemic. Shares were not active premarket, but have fallen 30% in the year to date, while the S&P 500 has fallen 9%.

Potential Hibbett Sports, Inc. (NASDAQ:HIBB) shareholders may wish to note that the President, Michael Longo, recently...

Hibbett Sports (NASDAQ:HIBB) shareholders are no doubt pleased to see that the share price has bounced 31% in the last...

E-commerce sales climbed 110.5% in the quarter Continue reading...

When Hibbett Sports, Inc. (NasdaqGS:HIBB) released its most recent earnings update (01 February 2020), I wanted to...

Hibbett Sports, Inc. (Nasdaq/GS: HIBB), an athletic specialty retailer, announced the nomination of Mr. Jamere Jackson for election as a Class III Director at the Company’s 2020 Annual Meeting of Stockholders on May 28, 2020. Current Class III Director, Ralph T. Parks, is retiring from service on the Board of Directors and is not standing for re-election at the Annual Meeting in accordance with the Board’s Director tenure policy.

Those holding Hibbett Sports (NASDAQ:HIBB) shares must be pleased that the share price has rebounded 64% in the last...

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