Hibbett net income soars in Q1
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BIRMINGHAM, Ala. — A few days after Dick's Sporting Goods reported higher-than-expected earnings, Hibbett Sports posted even more impressive sales and income growth. Hibbett Sports reported that net sales for the first quarter increased 10.4% to $203.7 million compared with $184.5 million for the same period last year. Comparable-store sales increased 6.8%. Net income for the quarter increased 23.1% to $21.3 million compared with $17.3 million for the same period last year. Earnings per diluted share increased 29.2% to 76 cents compared with 59 cents for the same period last year Jeff Rosenthal, president and CEO, stated, "This marks
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- People:
- Jeff Rosenthal
- Places:
- BIRMINGHAM
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