Hibbett Sporting (HIBB) reported earnings on Fri 25 May 18 (b/o)

** charts before earnings ** 

 

** charts after earnings **

Hibbett Sporting misses by $0.02, reports revs in-line; reaffirms FY19 EPS guidance; Q1 comps -0.3%

• Reports Q1 (Apr) earnings of $1.12 per share, $0.02 worse thanthe Capital IQ Consensus of $1.14; revenues fell 0.4% year/year to $274.7 mln vs the $276.98 mln Capital IQ Consensus.
• Comparable store sales decreased 0.3%. E-commerce sales represented 7.0% of total sales for the first quarter. Gross margin was 35.2% of net sales for the 13-week period ended May 5, 2018, compared with 35.6% for the 13-week period ended April 29, 2017.
• Coreaffirms guidancefor FY19, sees EPS of $1.65-1.95 vs. $1.84 Capital IQ Consensus Estimate.