Hibbett Sports Q4 Profit Increases, Results Top Estimates; Sees FY EPS In Line

(RTTNews) - Hibbett Sports, Inc. (HIBB) reported that its net income fourth quarter ended January 31, 2015 increased 18.1% to $19.9 million from $16.9 million for the 13-week period ended February 1, 2014. Earnings per share increased 23.4% to $0.79 from $0.64 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share. Analysts' estimates typically exclude special items.

Net sales for the quarter grew 9.9% to $239.3 million from $217.8 million in the previous year. Wall Street expected revenues of $235.00 million.Comparable store sales increased 5.4%.

For fiscal 2016, the company expects earnings per share to be in the range of $2.95 to $3.09, increase in comparable store sales in the low-to-mid single digit range. Analysts expect annual earnings of $3.01 per share.