Hibbett, Inc. (NASDAQ:HIBB)

WEB NEWS

Friday, May 21, 2010

Comments & Business Outlook

Jeff Rosenthal, President and Chief Executive Officer, stated, “The strong sales trend we experienced in the fourth quarter of last year continued throughout the first quarter of this year and into the second quarter. Our overall positive sales performance was driven by double-digit increases in footwear and apparel. The broad-based improvement and exceptional operating margin give us confidence in our optimistic outlook for the remainder of the year.”

The Company increased its earnings guidance for Fiscal 2011 to a range of $1.35 to $1.50 per diluted share based on mid- to high-single-digit increases in comparable store sales for the full year.



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