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Hibbett Sporting Goods Q1 profit up 8%

19
May '06
“As we look ahead to the balance of the year, we are well positioned with open-to-buy dollars to fill in gaps where necessary to achieve our comparable store sales goals for the year," Mickey said.

For the second quarter ending July 29th 2006, the company expects to report earnings per diluted share of approx. $0.14 to $0.16 and a comparable store sales increase of 1.0 percent to 2.0 percent. Guidance for fiscal 2007 is estimated at approx. $1.08 to $1.12 per diluted share and a comparable store sales increase in the 2.0 percent to 3.0 percent range.

Hibbett Sporting Goods Inc operates sporting goods stores in small to mid-sized markets, predominantly in the Sunbelt, Mid-Atlantic and Midwest. Its primary store format is Hibbett Sports, a 5,000-square-foot store located in enclosed malls and dominant strip centers.


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