Hibbett, Inc. Common Stock

HIBB

Market cap $1.05B

NEW YORK , July 23, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Avantor Inc. (NYSE:AVTR) will replace QuidelOrtho Corp. (NASD:QDEL) in the S&P MidCap 400, and QuidelOrtho will replace Hibbett Inc. (NASD:HIBB) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, July 26. JD Sports Fashion Plc (XLON: JD) is acquiring Hibbett in a deal expected to close soon pending final closing conditions.

Improved e-commerce penetration, effective loyalty program, store expansion, and smooth execution of strategies have been driving Hibbett's (HIBB) growth amid the ongoing inflation woes.

NEW YORK , July 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Hibbett, Inc. (NASDAQ: HIBB ), relating to its proposed sale to JD Sports Fashion plc.

NEW ORLEANS , July 2, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

Hibbett's (HIBB) efforts to enhance customer experience through investments in e-commerce capabilities and loyalty programs should keep it poised amid an elevated cost environment in the industry.

Hibbett (HIBB) posts lower sales in first-quarter fiscal 2025. E-commerce represents 13.4% of the overall net sales in the quarter.

Hibbett (HIBB) came out with quarterly earnings of $2.67 per share, missing the Zacks Consensus Estimate of $2.68 per share. This compares to earnings of $2.74 per share a year ago.

Hibbett Inc. HIBB, -0.12% reported better-than-expected profit before market open Wednesday, although sales came in below analysts' estimate. The sporting goods retailer posted net income of $32.5 million, or $2.67 a share, for the quarter, compared with $35.9 million, or $2.74 a share, in the same period last year.

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Hibbett, Inc. (“Hibbett”) (Nasdaq/GS: HIBB), an athletic-inspired fashion retailer, today provided financial results for its first quarter ended May 4, 2024, and business updates. Mike Longo, President and Chief Executive Officer, stated, “Our sales and diluted earnings per share for the first quarter of Fiscal 2025 were in line with our expectations in a very challenging athletic footwear and apparel retail market. Despite these challenges, we continue to exe.

If there's one takeaway from Q1 retail earnings that have been pouring in the last few weeks, it's that the US consumer may not be as resilient as they were to inflationary pressures in 2023.