Jeff Rosenthal

Regional sporting goods chain Hibbett Sports plans to begin construction this fall on a new distribution facility that will support more than 2,000 stores. Hibbett on Monday announced plans to build, through a wholly-owned subsidiary, a wholesaling and logistics facility in Alabaster, Alabama. Construction on the new 360,000 square-foot facility is expected to commence in fall 2012 and be fully operational by fall 2014.  

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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