Shares of Hibbett, Inc. (HIBB), an athletic fashion retailer, are rising more than 14% Tuesday morning after reporting better-than-expected third-quarter results. The company also raised its full-year profit outlook, above analysts' view.
Net income for the third quarter was $25.5 million, or $2.05 per share, compared with $25.6 million, or $1.94 per share, a year ago. Analysts on average, polled by Thomson-Reuters were expecting profit of $1.18 per share.
Net sales for the quarter decreased 0.3% to $431.9 million from $433.2 million a year ago, but beat the consensus estimate of $416.65 million.
For the full year, the company now expects EPS to be in the range of $8.00 - $8.30, up from the previous guidance of $7.00 - $7.75. The Street expects earnings of $7.27 per share for the year.
HIBB, currently at $61.43, has traded in the range of $34.86 - $75.38 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.