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Article Date: January 2021
Word Count: 598

Hibbett Sees Solid Holiday as it Navigates Pandemic

The small market operator stuck with its guidance for high-single- to low-double-digit comps in the final quarter of 2020, touching on a variety of topics in a broad-ranging round table discussion with analysts at the ICR investor conference. The guidance did not contemplate any additional government stimulus, so there should be some additional benefit in Jan. from the already approved $600 payments, plus perhaps some additional cash for consumers now that both houses of Congress will be controlled by Democrats. HIBB is optimistic that a Covid vaccine will help restore a more normal brick-and-mortar shopping environment, but for now is ... Log in to view full article.


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