Net income fell 2% to $16,890,000 from $17,250,000, but EPS of $0.67 beat the consensus by $0.06 a share for the period ended Nov. 1. Third quarter revenues were 5% higher at $218,321,000 versus $207,971,000 as comp store sales inched 0.6% higher. Comps accelerated in August during the Back-to-School season but lagged in October, dragging a 2.5% increase, due to warmer temperatures and the movement of launch dates on key new products.

With the results, Hibbett lifted its FY15 EPS range by 1-3% to $2.72-2.77 for the 12 months ending Jan. 31. Management said the chain, which opened a record 26 ... Log in to view full article.