27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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- Net sales hit $217.8 million, up 0.2 percent from same quarter last year but missing the estimate $221.33 million.
- Gross profit reached 35.8% of net sales.
- Comparable store sales increased 1.7 percent on a calendar basis.
- Net income came in at $16.9 million (for the 13 week period) versus last year's fourth quarter (14 week period) income of $19.4 million.
- EPS came in at $0.64 versus the estimated $0.70, missing by $0.06. EPS were down 12% from the same quarter last year.
- Hibbett ended the quarter with $66.2 million in cash and cash equivalents with no bank debt outstanding under the $80 million of availability of unsecured credit facilities.
- The company repurchased 21,500 shares of common stock for $1.3 million during the fourth quarter.
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- Net sales were up 4.1 percent for the 52-week year at $852 million compared with $818.7 million for last year's 53-week year.
- Gross profits reached 36.3% of net sales. Store operating, selling and administrative expenses made up 21.3% of net sales.
- Net income for the 52-week year was $70.9 million compared with $72.6 million for the previous 53-week year.
- Hibbett opened 72 new stores for the year. The company expanded fourteen "high performing" stores and closed 18 underperforming spaces. The store base is now composed of 927 stores in 31 states as of February 1, 2014.
- Management expects EPS for the 2015 fiscal year to be within $2.79 to $2.98.
- Hibbett Sports expects to open 75 to 80 new stores, expand 10 to 15, and close 15 to 20.
- Management expects low-to-mid single digit range and a flat to slightly positive product gross margin rate.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.