Hibbett Sports Issues 2017 Outlook; Q4 Comps. Down 0.6% - Quick Facts

(RTTNews) - Hibbett Sports, Inc. (HIBB) announced, for fiscal 2017, the company expects: earnings per share in the range of $2.90 to $3.04; increase in comparable store sales in the low single digit range; and approximately 40 to 50 net new stores. Analysts polled by Thomson Reuters expect the company to report profit per share of $3.08. Analysts' estimates typically exclude special items.

Net income for the 13-week period ended January 30, 2016, was $17.4 million compared with $19.9 million, a year ago. Earnings per share was $0.76 compared with $0.79. Analysts polled by Thomson Reuters expected the company to report profit per share of $0.73 for the quarter.

Net sales for the 13-week period ended January 30, 2016, increased 2.7% to $245.7 million compared with $239.3 million, prior year. Comparable store sales decreased 0.6%. Analysts expected revenue of $246.15 million for the quarter.