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Article Date: May 2017
Word Count: 573

Hibbett Sees Rough H1 But Better Times in H2


After a rocky Q1 ended Apr. 29 in which it saw net decline 8% to $20,910,000 from $22,780,000 on 2% lower sales to $275,688,000 from $282,092,000, Hibbett is betting that a ramp up of its store-to-home program, the Q3 launch of its e-commerce site and increasing allocations of more fashion product, especially sneakers, will set the chain on the path to improved margins and sales in H2. First, though, there is still some work to be done cleaning up Q1’s inventory, as it is still rebalancing because of the continued decline in licensed, apparel and equipment.

 

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