Hibbett clocks Q3 sales dip, lifts earnings guidance for full year on promising holiday period
Comparable sales for the 13 weeks ending October 28 fell 2.7%, with brick-and-mortar comparable sales down 5.4% and e-commerce sales up 12.6% year over year. The 13-week period’s net income was $25.5 million, or $2.05 per diluted share, which was unchanged from the same time previous year. According to the Alabama-based Hibbett, net sales rose …