-=Hibbett Sports (HIBB) reported earnings on Fri 22 Nov 2019 (b/o)

Hibbett Sporting beats by $0.17, beats on revs; Q3 comps +10.7%; raises FY20 EPS and comp guidance

Reports Q3 (Oct) earnings of $0.32 per share, excluding non-recurring items, $0.17 better than the S&P Capital IQ Consensus of $0.15; revenues rose 27.0% year/year to $275.5 mln vs the $260.75 mln S&P Capital IQ Consensus.

Comparable store sales increased 10.7% and will not include sales from City Gear until the fourth quarter of Fiscal 2020. E-commerce sales represented 10.5% of total sales for the third quarter. The increase in net sales was primarily attributable to the addition of City Gear. Footwear sales continued to drive the business along with positive sales in activewear and accessories connecting to footwear products.

Gross margin was 32.7% of net sales for the 13-week period ended November 2, 2019, compared with 32.5% for the 13-week period ended November 3, 2018.

Co issues raised guidance for FY20, sees EPS of $2.30-2.50 from $2.15-2.25 , excluding non-recurring items, vs. $2.21 S&P Capital IQ Consensus; raises FY20 comp guidance to +4-6% from +1-2%.

Earnings this week : Nov 18 - 22, 19 (wk 47)

Monday (Nov 18)

• Morning: CCMP LX MANU QD
• Afternoon: CRMT ASH BILI KRNT WWD ZTO

Tuesday (Nov 19)

• Morning: WUBA ARMK DAVA PPDF HD JKS KSS MMS MDT NJR TJX TDG
• Afternoon: ESE PAGS URBN

Wednesday (Nov 20)

• Morning: AVYA LOW PDD QIWI SR TGT
• Afternoon: CPRT CUB GTBIF JACK LB LZB NTES NUAN SQM SONO

Thursday (Nov 21)

• Morning: ASYS PLAN BZUN BERY BJ BRC BV AQUA HMLP M SDRL SFL
• Afternoon: BRBR ENTA GPS IIIV INTU MATW JWN OOMA POST PSTG ROST SCVL SPLK WSM

Friday (Nov 22)

• Morning: ATKR BKE FL FUTU HIBB SJM

Notable earnings reports:

• Manchester United (NYSE:MANU) on November 18; 
• Home Depot (HD), TJX Companies (NYSE:TJX) and Urban Outfitters (NASDAQ:URBN) on November 19; 
• L Brands (NYSE:LB), Lowe's (LOW), Jack in the Box (NASDAQ:JACK) and Target (TGT) on November 20; 
• Gap (NYSE:GPS), Macy's (NYSE:M), Splunk (NASDAQ:SPLK), Ross Stores (NASDAQ:ROST) and Nordstrom (NYSE:JWN) on November 21; 
• Foot Locker (NYSE:FL) and J.M. Smucker (NYSE:SJM) on November 22.

This week's biggest % winners & losers : May 20 - 24, 19 (wk 21)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: KPTI (6.19 +33.41%), ARRY (27.09 +23.92%), ARWR (24.04 +23.54%), IOVA (17.25 +14.77%)
• Materials: SID (4.25 +14.86%)
• Industrials: CIR (43.4 +39.55%), GOL (12.27 +23.69%)
• Consumer Discretionary:  HIBB (23.96 +23.82%), SKY (25.6 +16.63%), TGT (81.57 +15.07%), BOOT (30.1 +14.27%), ROKU (95.78 +13.98%)
• Information Technology: TSS (113.45 +11.99%), DQ (36.56 +11.57%)
• Financials: IBN (12.42 +13.22%), SUPV (5.9 +11.53%)
• Consumer Staples: AVP (3.7 +19.35%)
• Utilities: PAM (26.02 +14.52%)

This week's top % losers

• Healthcare: BCRX (3.32 -54.71%), MNK (9.61 -34.54%)
• Materials: VHI (1.81 -19.56%)
• Consumer Discretionary: KSS (51.12 -19.62%), FL (44.4 -19.57%), SCVL (26.83 -16.96%)
• Information Technology: PSTG (16.14 -21.73%), QCOM (66.21 -18.76%)
• Energy: NBR (2.35 -31.69%), SDRL (5.5 -24.35%), SPN (1.92 -22.58%), CRC (16.83 -20.84%), ESV (8.63 -20.53%), PUMP (18.81 -19.41%), CPE (6.81 -16.75%), TUSK (11.74 -16.62%)
• Consumer Staples: RAD (7.34 -19.61%)

Hibbett Sports (HIBB) reported earnings on Fri 24 May 2019 (b/o)

• Mon 5/21  #97;  vol. 459K

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Hibbett Sporting beats by $0.30, beats on revs, comps +5.1%; raises FY20 guidance

• Reports Q1 (Apr) earnings of $1.61 per share, excluding non-recurring items, $0.30 better than the S&P Capital IQ Consensus of $1.31; revenues rose 25.0% year/year to $343.3 mln vs the $328.16 mln S&P Capital IQ Consensus.
• Comparable store sales increased 5.1% (vs. estimates for ~2%).
  • Comparable store sales will not include sales from City Gear until the fourth quarter of Fiscal 2020. E-commerce sales represented 8.3% of total sales for the first quarter. Strength in footwear and sneaker-connected apparel & accessories continued to offset softer sales in licensed products and team sports.
• Co raises guidance for FY20, sees EPS of $2.00-2.15 (Prior $1.80-2.00), excluding non-recurring items, vs. $1.89 S&P Capital IQ Consensus; sees comparable store sales 0.5-2.0% (Prior down 1% to +1%)

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a.  Mon 5/20  vol. 459K

     Tue  #97   vol.  269K   +17%

Earnings this week : May 20 - 24, 19 (wk 21)

Monday (May 20)

• Morning: AZZ IGT PDD QD SPTN
• Afternoon: NDSN

Tuesday (May 21)

• Morning: AZO DAVA DY EV HD JCP KSS MNRO SFL TJX
• Afternoon: CRMT JWN OOMA PSTG SE SKY TOL URBN

Wednesday (May 22)

• Morning: AAP ADI CM CSWI LOW PLAB TGT VFC
• Afternoon: CPRT CTRP HTHT LB MOD NTAP SCVL SNPS VIPS

Thursday (May 23)

• Morning: BBY BJ BRC CTRN HRL MDT ROLL RY SDRL SINA TD TK TNK TTC VIOT WB WMS
• Afternoon: ADSK CVCO DECK DXC HPE HPQ INTU LGF.A ROST SPLK VSAT

Friday (May 24) 

• Morning: BKE FL HIBB

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

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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.

This week's biggest % winners & losers : Nov 13 - 17, 17 (wk 46)

This week's biggest % gainers/losers The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: NKTR (45.2 +39.08%), COLL (17.02 +20.79%), AFAM (61.9 +20.78%), ARA (13.05 +20.23%)
• Materials: VHI (5.21 +21.05%)
• Consumer Discretionary: TIME (16.4 +49.77%), SCVL (26.71 +37.4%), FL (40.97 +35.04%), ENT (2.52 +34.49%), MAT (18.49 +26.44%), ANF (15.73 +25.24%), HIBB (17.25 +23.21%), CATO (16.31 +20.64%), IGT (28.68 +20.48%), RH (103.04 +20.46%), TOUR (8.97 +20.24%), FOSL (7.91 +19.85%), VIPS (9.79 +19.24%), ICON (2.15 +19.17%)
• Information Technology: NTES (368.27 +21.59%)

This week's top 20 % losers

• Healthcare: ACOR (17.73 -36.58%), SGYP (1.96 -27.94%), CRIS (0.9 -26.9%), DPLO (14.81 -24.66%), CHRS (8.18 -18.66%), SGRY (8.3 -12.17%)
• Materials: AKG (0.81 -17.74%)
• Industrials: GRAM (3.18 -14.05%)
• Information Technology: SMI (7.12 -18.59%), BITA (39.6 -15.6%), QUOT (12.05 -13.62%)
• Financials: BMA (101.86 -13.07%)
• Energy: SDRL (0.31 -18.29%), SD (16.53 -14.97%), REN (27.62 -14.17%), PDS (2.71 -13.97%), PGH (0.88 -13.41%), CPE (10.16 -13.31%), ESV (5.46 -12.72%), PDCE (43.86 -12.28%)

Hibbett Sporting (HIBB) reported earnings on Fri 17 Nov 17 (b/o)

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Hibbett Sporting beats by $0.15, beats on revs; Q3 comps -1.3%; raises FY18 EPS and comp guidance 

• Reports Q3 (Oct) earnings of $0.37 per share, excluding non-recurring items, $0.15 better thanthe Capital IQ Consensus of $0.22; revenues rose 0.3% year/year to $237.8 mln vs the $219.38 mln Capital IQ Consensus. 
• Comparable store sales decreased 1.3%. Gross margin was 32.0% of net sales for the 13-week period ended October 28, 2017, compared with 35.4% for the 13-week period ended October 29, 2016. 
• "We were very pleased with the results for the quarter.Sales in equipment and accessories remained soft, but were offset by positive comparable store sales in footwear and significant improvement in branded apparel. Our e-commerce sales exceeded even our high expectations, as we experienced good response from early marketing initiatives and strong conversion from online traffic."
• Co issues raised guidance for FY18, sees EPS of $1.42-1.50 from $1.25-1.35, excluding non-recurring items, vs. $1.30 Capital IQ Consensus Estimate. FY18 Guidance: Comparable store sales in the negative mid-single-digit range, which compares with previous guidance in the negative mid to high single-digit range.

Hibbett Sporting (HIBB) reported earnings on Fri 18 August 17 (b/o)

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Hibbett Sporting beats by $0.05, misses on revs; lowers FY18 EPS and comp guidance; Q2 comps -11.7%

• Reports Q2 (Jul) loss of $0.15 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of ($0.20); revenues fell 9.1% year/year to $188 mln vs the $190.31 mln Capital IQ Consensus. Comparable store sales decreased 11.7%. Gross margin was 28.9% of net sales for the 13-week period ended July 29, 2017, compared with 33.0% for the 13-week period ended July 30, 2016.
• Co issues downside guidance for FY18, sees EPS of $1.25-1.35 vs. $1.71 Capital IQ Consensus Estimate; Co sees FY18 Comparable store sales in the negative mid to high single-digit range, which compares with previous guidance in the range of negative 1.0% to positive 1.0%. The Company is updating its guidance for Fiscal 2018 based on the following assumptions: Continued soft sales for the remainder of the year due to a challenging retail environment. A growing contribution of e-commerce sales, especially during the holiday season. Gross margin pressure due to the promotional environment in our industry, the ramp-up of our e-commerce sales, and markdowns needed to reduce aged inventory. Continued tight expense controls while maintaining adequate store staffing levels.

Hibbett Sports (HIBB) announces dismal earnings and same-store-sales guidance

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Sports retailer Hibbett Sports (HIBB) warned that it expects second-quarter same-store sales to fall about 10%, citing "very challenging sales trends." The company said the decline, combined with "significant" pressure on gross margin, would push it to a loss of 19 cents to 22 cents for the quarter. The current FactSet consensus is for second-quarter earnings per share of 15 cents. The company said it is launching an e-commerce site, www.Hibbett.com, that will offer footwear, clothing and equipment. "Despite the difficult retail environment, the company remains focused on improving its business for the long term," Chief Executive Jeff Rosenthal said in a statement. "Launching an e-commerce site has been a key strategic goal for Hibbett, and we took time to invest in our omni-channel infrastructure to do it the right way." The stock has fallen 47% in 2017, while the S&P 500 (SPX) has gained 10.4%.

Footwear retailers & Amazon

 Footwear retailers drop on the whisper of Nike selling directly on Amazon.

Hibbett Sporting (HIBB) reported earnings Fri 18 Nov 2016 (b/o)

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Hibbett Sporting misses by $0.08, reports revs in-line; guides FY17 EPS below consensus :

• Reports Q3 (Oct) earnings of $0.66 per share, $0.08 worse than the Capital IQ Consensus of $0.74; revenues rose 3.8% year/year to $237 mln vs the $237.17 mln Capital IQ Consensus.
  • Comparable Store Sales Increase 0.7%, with continued high single-digit comps in footwear
  • Gross profit was 35.4% of net sales for the 13-week period ended October 29, 2016, compared with 36.1% for the 13-week period ended October 31, 2015. The decrease was mainly due to markdowns taken to reduce inventory, a negative effect of product mix resulting from soft sales in seasonal apparel, and de-leverage of logistics and store occupancy expenses associated with lower comparable store sales.
• Co issues downside guidance for FY17, sees EPS of $2.82-2.88 vs. $3.00 Capital IQ Consensus Estimate, down from a previously reported range of $2.93 to $3.02.
  • Additionally, merchandise margin is expected to be relatively flat compared with a previously reported expectation of flat to slightly positive versus the prior year.

Hibbett Sporting (HIBB) reported earnings on Fri 8/19/16 (b/o)

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Hibbett Sporting beats by $0.01, misses on revs; narrows FY17 EPS; raises margin guidance slightly :

• 37.Reports Q2 (Jul) earnings of $0.29 per share, $0.01 better than the Capital IQ Consensus of $0.28; revenues rose 3.8% year/year to $206.9 mln vs the $209.39 mln Capital IQ Consensus. 
• Comparable store sales increased 0.8% vs. ests just below +2%.
• Gross profit was 33.0% of net sales for the 13-week period ended July 30, 2016, compared with 32.7% for the 13-week period ended August 1, 2015. The increase was mainly due to an improvement in the Company's merchandise margin rate.
• Co issues in-line guidance for FY17, narrows EPS to $2.93-3.02 from $2.90-3.04, excluding non-recurring items, vs. $2.98 Capital IQ Consensus; merchandise margin is expected to be flat to slightly positive compared to a previously reported expectation of relatively flat versus the prior year.
• "We were pleased with our overall results and are encouraged by the progress on our major initiatives. Footwear continues to show significant strength, driven by our differentiated assortment and continued improvement in allocation and in-stock position. We also continue to see improvement in our merchandise margin rate, driven by improved systems and promotional management. Looking forward, we feel we are well positioned for our back-to-school season with our product assortments and early deliveries of merchandise for this important period."