- Hibbett press release (NASDAQ:HIBB): Q1 GAAP EPS of $2.67 misses by $0.03.
- Revenue of $447.2M (-1.8% Y/Y) misses by $6.71M.
- Comparable sales decreased 5.8% versus the prior-year period.
- For the 13-weeks ended May 4, 2024, HIBB opened six stores and closed six stores, leaving the store base unchanged from the prior quarter at 1,169 in 36 states.
As of May 4, 2024, HIBB had $28.7 million of available cash and cash equivalents on our unaudited condensed consolidated balance sheet and $7.5 million of debt outstanding on our $160.0 million unsecured line of credit.
