Hibbett Sports Q3 profit leaps 27%

Birmingham, Ala. -- Hibbett Sports Inc. reported Friday that its third-quarter profit jumped 27% to $16 million, from $12.6 million in the year-ago period. Sales rose 11% to $185.2 million from $167.4 million, beating Wall Street’s expected $180 million in revenue. Same-store sales rose 7%.