April 20, 2017
Hibbett Sports, Inc. (NASDAQ:HIBB) reported first quarter of fiscal 2009 (ended 5/3/2008) earnings last week. In contrast to many retailers, the HIBB report was authentic patriots jerseys well received by the market, and the stock finished up 15% on the day.
HIBB operates 699 stores in 23 states offering sporting goods and related items. HIBB follows a "small market strategy" focusing its retail efforts mainly on small markets in the Southeast and Southwest.
The was notable for an extraordinary amount of questions for a small cap company.
Sales $145.8 million (8.95% year over year).
Cash $6.8 million.
Capex $2.9 million.
Same Store Sales (SSS) increased 0.1%, vs. minus 7.3% comp decrease in the calendar 2007 fourth quarter.
SSS February positive 2.3%.
SSS March Negative 8% (Lost one day because of the Easter shift, negative 6% without Easter). And it's going to take us six years to get to 1,200. We should be okay in the next three to four years and then we'll authentic cowboys jerseys have to start looking at something. But there's a lot of other things we can do."
Percent of the store base is now considered urban stores? What is game plan?
How do you think rebates mk bags outlet are playing into the sales? (government stimulus checks)
"It's hard to measure, I'm sure there have been some but it's really hard to measure. We're in a lot of areas where it's not real high income wholesale nfl jerseys so we're probably getting some help from it, it's just hard to measure.".
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