Net income was $84,766,000 in the first quarter ended May 1, lapping a $15,287,000 loss last year that was hit by a $19.7 million goodwill impairment, as revenues jumped 88% to $506,861,000 from $269,837,000, including an 87.3% blended comp gain that was up 51.4% from 2019. Brick-and-mortar outperformed digital, comping up 113.5% against last year, while e-commerce sales grew by 1.0%. Online represented 11.7% of total sales compared to 22.3% last year, when stores were closed for 40% of available days.

HIBB credited the trend towards athleisure, increased e-commerce adoption and government stimulus payments for driving demand. Its business has also ... Log in to view full article.