Home / Knowledge / News / Fashion / Hibbett Sporting Goods Dec sales grow 11.9%

Hibbett Sporting Goods Dec sales grow 11.9%

09
Jan '06
Rapidly growing sporting goods retailer, Hibbett Sporting Goods Inc announced that net sales for the nine-week period ended December 31, 2005, increased 11.9 percent to $90.6 million compared with $81.0 million for the comparable nine-week period ended January 1, 2005.

Comparable store sales increased 1.7 percent for the nine-week period ended December 31, 2005.

Comparable store net sales data reflects sales for their Hibbett Sports and Sports Additions stores open through the nine-week periods ended December 31, 2005, and January 1, 2005.

The Company expects to report sales for the fourth quarter on February 2, 2006, and earnings for the fourth quarter and fiscal year ended January 28, 2006, on March 9, 2006.

Based on the sales results for the nine-week period ended December 31, 2005, and the Company's merchandise plan for January, the Company confirmed its previously issued earnings guidance of $0.27 to $0.29 per diluted share for the fourth quarter of fiscal 2006.

Commenting on the announcement, Mickey Newsome, Chairman and Chief Executive Officer, stated, 'Footwear and apparel were positive while equipment was negative.

As planned, their clean inventory position enabled them to reduce their promotional activity and improve their product gross margin.

With December comps higher than November and with exciting footwear launches and other new spring merchandise being delivered to their stores, they expect sales momentum to continue building in January.'

Hibbett Sporting Goods Inc operates sporting goods stores in small to mid-sized markets, predominantly in the Sunbelt, Mid-Atlantic and Midwest.

The Company's primary store format is Hibbett Sports, a 5,000-square-foot store located in enclosed malls and dominant strip centers.

Hibbett Sporting Goods Inc


Must ReadView All

Pic: Infinited Fiber Company

Textiles | On 21st Apr 2021

Infinited Fiber plans to build €220 mn flagship factory in Finland

Circular fashion and textile technology group Infinited Fiber Company ...

Pic: Fespa

Textiles | On 21st Apr 2021

Print production technology will continue to evolve: FESPA CEO

Print production technology will continue to evolve, and new...

Pic: Sundry Photography / Shutterstock.com

Retail | On 21st Apr 2021

US omnichannel retailer Kohl’s and Investor Group reach agreement

Kohl’s Corporation, a leading omnichannel retailer in the US, has...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Social media critical in regeneration of businesses

Textile Industry, Head honchos

Textile Industry
Head honchos

Farmers who produce seeds earn 50 per cent more

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search