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Hibbett Sports
HIBB reported 22.3% rise in its fourth-quarter net income.
Hibbett Sports' quarterly net income surged to $19.4 million, from $15.8 million, in the year-ago period. Its earnings per share rose 23.7% to $0.73 from $0.59.
Its revenue gained 14.0% to $217.4 million from $190.7 million. However, analysts were expecting a profit of $0.72 per share on revenue of $217.74 million.
Its comparable store sales climbed 4.9%, while gross profit rose to 36.1% of net sales, versus 35.8%.
Hibbett Sports expects FY14 earnings of $2.85 to 3.05 per share, versus analysts' estimates of $3.02 per share.
Hibbett Sports shares gained 4.40% to $55.99 in pre-market trading.
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