Newsletter

Menu

What to expect from Hibbett Sports Q2 earnings

By Staff Correspondent |

Hibbett Sports (NASDAQ: HIBB) is set to report its earnings results for the second quarter of 2020 on Friday before the market opens. The results will be hurt by softer sales in licensed products and team sports as well as higher costs and expenses arising from the investments in stores.

As the retail environment continues to evolve, the company remains focused on improving the productivity of the store base while continuing to grow its omnichannel business. The company decided to close about 95 underperforming Hibbett stores during fiscal 2020 and this will result in non-recurring impairment and store closure charges of $0.15 to $0.20 per share in fiscal 2020.

In the e-commerce market, competition continues to intensify as the Internet continues to facilitate competitive entry into the market and comparison shopping by consumers. The company’s future success could be materially impacted by retail trends, including technology, e-commerce, and other process efficiencies.

What to expect from Hibbett Sports Q2 earnings
Photo Courtesy: Hibbett Sports

Hibbett competes with e-commerce retailers, traditional shoe stores, department and discount stores, national sporting goods superstores, specialty sporting goods shops, local sporting goods stores, outlet centers, and mass merchandisers. The results could decline due to the increase in spending on marketing and promotion as well as a decrease in prices due to competitors pressure.

Analysts expect the company to report a loss of $0.16 per share on revenue of $255.86 million for the second quarter. In comparison, during the previous year quarter, Hibbett posted a loss of $0.06 per share on revenue of $211.12 million. The company has surprised investors by beating analysts’ expectations twice in the past four quarters.

Read: Nike Q4 earnings review

For the first quarter, Hibbett Sports reported a 28% jump in earnings as improved performance in both the store and e-commerce channels drove revenues higher. Comparable store sales increased by 5.1% as strength in footwear and sneaker-connected apparel & accessories continued to offset softer sales in licensed products and team sports.

For fiscal 2020, the company expects earnings in the range of $1.70 to $1.85 per share and adjusted earnings in the range of $2.00 to $2.15 per share. Comparable store sales growth are anticipated to be in the range of 0.5% to 2%. Capital expenditures are still projected to be about $18 million to $22 million.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Advertisement

More on this Company

stock market

US stocks plummet to the worst since 2008 crisis amid coronavirus outbreak

February 28, 2020

Lyft (LYFT) stock shows signs of recovery amid pricing concerns

December 13, 2019
Earnings Update by AlphaStreet

Five Below (NASDAQ: FIVE): Q3 2019 Earnings Snapshot

December 4, 2019

245 responses to “What to expect from Hibbett Sports Q2 earnings”

  8. سياسة

    […]here are some hyperlinks to websites that we link to for the reason that we consider they’re worth visiting[…]

  12. جامعة المستقبل

    […]Wonderful story, reckoned we could combine several unrelated information, nonetheless definitely really worth taking a search, whoa did one find out about Mid East has got a lot more problerms too […]

  14. منهج الهندسة

    […]we prefer to honor quite a few other web internet sites on the internet, even if they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  17. E-Learning

    […]please take a look at the websites we adhere to, like this a single, as it represents our picks through the web[…]

  45. Maillot de football

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nonetheless definitely worth taking a look, whoa did a single discover about Mid East has got much more problerms as well […]

  59. liv pure buy

    […]we like to honor numerous other net sites on the web, even if they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[…]

  60. 3pl Broker

    […]we prefer to honor many other web web-sites around the net, even when they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  62. fiverrearn.com

    […]we like to honor several other internet websites around the internet, even when they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  72. chiweenie dog

    […]very couple of internet sites that occur to be comprehensive below, from our point of view are undoubtedly nicely really worth checking out[…]

  77. Top university in Egypt

    […]we like to honor lots of other online sites around the internet, even when they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  84. fluffy french bulldog

    […]we prefer to honor quite a few other web internet sites around the web, even if they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  86. crypto news

    […]we like to honor a lot of other internet web-sites around the web, even when they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  99. bulldogs puppy

    […]very few internet websites that come about to be comprehensive below, from our point of view are undoubtedly nicely really worth checking out[…]

  105. FUE

    […]please take a look at the websites we stick to, like this one, because it represents our picks through the web[…]

  114. Coach

    […]always a big fan of linking to bloggers that I appreciate but do not get a great deal of link adore from[…]

  115. FiverrEarn

    […]that will be the end of this article. Here you will obtain some web pages that we think you’ll enjoy, just click the hyperlinks over[…]

  124. FiverrEarn

    […]that could be the finish of this write-up. Here you’ll come across some web pages that we consider you’ll value, just click the links over[…]

  128. FiverrEarn

    […]Wonderful story, reckoned we could combine a couple of unrelated data, nonetheless really worth taking a search, whoa did one study about Mid East has got extra problerms at the same time […]

  135. Milking

    […]we prefer to honor several other world-wide-web internet sites on the internet, even though they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  139. watch

    […]that may be the end of this write-up. Right here you’ll find some sites that we think you will appreciate, just click the links over[…]

  142. Scientific Research

    […]Wonderful story, reckoned we could combine some unrelated information, nonetheless genuinely really worth taking a look, whoa did one particular master about Mid East has got much more problerms at the same time […]

  144. FiverrEarn

    […]although websites we backlink to below are considerably not connected to ours, we feel they may be essentially really worth a go by means of, so possess a look[…]

  149. live sex cams

    […]very few websites that take place to become comprehensive beneath, from our point of view are undoubtedly very well worth checking out[…]

  153. 늑대닷컴

    […]we like to honor lots of other world wide web web sites around the net, even if they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  155. One Peace AMV

    […]very few internet websites that happen to be detailed below, from our point of view are undoubtedly effectively worth checking out[…]

  157. nangs delivery sydney

    […]although internet websites we backlink to below are considerably not associated to ours, we feel they may be really really worth a go by means of, so have a look[…]

  159. allgame

    […]check below, are some completely unrelated sites to ours, on the other hand, they are most trustworthy sources that we use[…]

  161. หวย24

    […]although web sites we backlink to beneath are considerably not associated to ours, we feel they may be really really worth a go by, so have a look[…]

  162. Best face toner

    […]just beneath, are numerous absolutely not associated internet sites to ours, even so, they may be certainly worth going over[…]

  163. pg slot

    […]Wonderful story, reckoned we could combine several unrelated information, nonetheless seriously really worth taking a appear, whoa did a single study about Mid East has got much more problerms at the same time […]

  164. carte uno reverse

    […]just beneath, are quite a few completely not related web sites to ours, having said that, they may be certainly really worth going over[…]

  169. apply evisa online

    […]we prefer to honor a lot of other web web sites around the web, even when they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  171. ItMe.Xyz

    […]we like to honor lots of other internet websites on the web, even though they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  177. ItMe.Xyz

    […]Wonderful story, reckoned we could combine a number of unrelated information, nevertheless really really worth taking a search, whoa did one understand about Mid East has got extra problerms as well […]

  180. itme.xyz

    […]very few web sites that come about to become comprehensive beneath, from our point of view are undoubtedly very well really worth checking out[…]

  184. izcalli

    […]Every when inside a though we decide on blogs that we read. Listed beneath would be the most up-to-date internet sites that we select […]

  185. chimalhuacan

    […]just beneath, are a lot of totally not related internet sites to ours, nevertheless, they are surely really worth going over[…]

  187. micro frenchie

    […]Wonderful story, reckoned we could combine a number of unrelated information, nevertheless seriously really worth taking a search, whoa did one particular study about Mid East has got far more problerms also […]

  190. registry dog

    […]just beneath, are many absolutely not associated websites to ours, on the other hand, they are surely really worth going over[…]

  193. cuautitlan izcalli clima

    […]Wonderful story, reckoned we could combine a number of unrelated information, nonetheless actually worth taking a search, whoa did one master about Mid East has got additional problerms as well […]

  197. Fanuc

    […]we prefer to honor numerous other online web sites around the internet, even when they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  202. french bulldog texas

    […]very couple of websites that transpire to become comprehensive below, from our point of view are undoubtedly nicely really worth checking out[…]

  206. esports

    […]Wonderful story, reckoned we could combine a few unrelated data, nevertheless really worth taking a appear, whoa did a single discover about Mid East has got extra problerms also […]

  211. 늑대닷컴

    […]we like to honor lots of other online internet sites on the internet, even though they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  217. mexican candy store near me

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless really really worth taking a look, whoa did one understand about Mid East has got a lot more problerms also […]

  220. crypto news

    […]although websites we backlink to beneath are considerably not connected to ours, we really feel they’re in fact really worth a go by, so have a look[…]

  221. magnolia bjj

    […]that could be the finish of this report. Right here you will obtain some web-sites that we consider you will appreciate, just click the links over[…]

  224. minnect expert

    […]very couple of sites that take place to become in depth below, from our point of view are undoubtedly effectively worth checking out[…]

  234. Dog Registry

    […]we like to honor numerous other internet web pages on the internet, even though they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  235. Dog Registry

    […]check below, are some completely unrelated websites to ours, however, they are most trustworthy sources that we use[…]

  236. Dog Registry

    […]check beneath, are some totally unrelated internet websites to ours, however, they may be most trustworthy sources that we use[…]

  238. french pitbull

    […]Every after in a whilst we opt for blogs that we read. Listed beneath would be the latest web-sites that we pick […]

  244. yorkie poo breeding

    […]we prefer to honor several other web sites on the internet, even if they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  245. sui

    […]here are some links to web pages that we link to mainly because we consider they may be worth visiting[…]

Top