Lapping a huge quarter last year, the small market retailer’s net income increased 16% to $46,696,000 from $40,355,000 on 5% lower sales of $419,257,000 against $441,607,000 that included a 6.4% comp store decline, compared to a +79.2% comp in Q2 ’20. Brick-and-mortar comps dropped 3.8% and e-commerce sales decreased 20.4%. Looking back two years, HIBB sales have improved by 66%. Hibbett was perfectly positioned in 2020 to benefit from the first round of stimulus payments and enhanced unemployment benefits, as consumers came rushing back into stores with bulging wallets after initial lockdowns lifted. HIBB kept stores open in most markets, ... Log in to view full article.