HIBB » Topics » Fiscal 2008 Outlook

This excerpt taken from the HIBB 8-K filed Aug 23, 2007.

Fiscal 2008 Outlook

For the third fiscal quarter ending November 3, 2007, the Company expects to report earnings per diluted share of $0.20 to $0.25 with slightly positive comparable store sales on a calendar basis and mid-single-digit negative comparable store sales on a fiscal basis. For fiscal 2008, the Company expects to report earnings of $1.07 to $1.20 per diluted share and a slightly positive comparable store sales increase on both a calendar and fiscal basis. At the present time, the Company has continued its historical practice of giving guidance. However, no assurance is given that the Company will achieve these forecasts, especially as a result of the uncertainties impacting our business such as the economy, consumer confidence and disruptions in the capital markets.

 

This excerpt taken from the HIBB 8-K filed May 24, 2007.

Fiscal 2008 Outlook

For the second quarter ending August 4, 2007, the Company expects to report earnings per diluted share of $0.20 to $0.24 with a comparable store sales increase in the high single digits. The Company maintained its EPS guidance for the 52-week period ending February 2, 2008 of $1.30 to $1.35 per diluted share.

 

This excerpt taken from the HIBB 8-K filed Mar 14, 2007.

Fiscal 2008 Outlook

For the first quarter ending May 5, 2007, the Company expects to report earnings per diluted share of approximately $0.32 to $0.35 and a comparable fiscal store sales decrease of approximately 1% to 3%. We expect a slight comparable store sales increase on a calendar basis of up to 2%. Guidance for the 52-week period ending February 2, 2008, is estimated at approximately $1.30 to $1.35 per diluted share and a comparable store sales increase in the 2% to 4% range.

Based on the shift of the first week in February from fiscal 2008 into fiscal 2007, which accounted for approximately $0.02 to $0.03 per share in earnings, and the movement of approximately $0.02 in stock compensation expense from the fourth quarter into the first quarter of fiscal 2008, the Company believes comparing the first 26 weeks of fiscal 2008 with fiscal 2007 is a more meaningful comparison. The Company expects to report earnings per diluted share of approximately $0.54 to $0.57 per share in the first half of fiscal 2008 compared with $0.47 per share in the first half of fiscal 2007 with a comparable fiscal store sales increase of up to 4% and a comparable calendar store sales increase in the low single digits.

This excerpt taken from the HIBB 8-K filed Nov 17, 2006.

Fiscal 2007 Outlook

For the 14-week period ending February 3, 2007, the Company expects to report earnings per diluted share of approximately $0.34 to $0.38 (which includes approximately $0.02 of equity award expense per diluted share) and a comparable store sales increase of 3% to 5%. Guidance for the 53-week fiscal 2007 was increased to approximately $1.12 to $1.16 per diluted share (which includes $0.06 to $0.07 of equity award expense per diluted share) and a comparable store sales increase in the 3% to 5% range.

The Company previously announced that it will not report holiday sales during the quarter. The Company will only report sales for the full quarter in February 2007.

 

 



 

 

This excerpt taken from the HIBB 8-K filed Aug 17, 2006.

Fiscal 2007 Outlook

For the third quarter ending October 28, 2006, the Company expects to report earnings per diluted share of approximately $0.26 to $0.29 (which includes approximately $0.01 of equity award expense per diluted share) and a comparable store sales increase of 2% to 3%. Guidance for fiscal 2007 remains unchanged at approximately $1.08 to $1.12 per diluted share (which includes $0.07 to $0.09 of equity award expense per diluted share) and a comparable store sales increase in the 2% to 3% range.

This excerpt taken from the HIBB 8-K filed May 18, 2006.

Fiscal 2007 Outlook

For the second quarter ending July 29, 2006, the Company expects to report earnings per diluted share of approximately $0.14 to $0.16 (which includes $0.01 to $0.02 of equity award expense per diluted share) and a comparable store sales increase of 1.0% to 2.0%. Guidance for fiscal 2007 is estimated at approximately $1.08 to $1.12 per diluted share (which includes $0.07 to $0.09 of equity award expense per diluted share) and a comparable store sales increase in the 2.0% to 3.0% range.

 

This excerpt taken from the HIBB 8-K filed Mar 10, 2006.

Fiscal 2007 Outlook

 

 



 

 

For the first quarter ending April 29, 2006, the Company expects to report earnings per diluted share of approximately $0.32 to $0.35 (which includes $0.02 to $0.03 of equity award expense per diluted share) and a comparable store sales increase of 2.0% to 4.0%. Guidance for the 53-week period ending February 3, 2007, is estimated at approximately $1.04 to $1.08 per diluted share (which includes $0.10 to $0.13 of equity award expense per diluted share) and a comparable store sales increase in the 3.0% to 4.0% range.

The earnings per diluted share outlook includes the effect of the Company’s adoption of SFAS 123R as of January 29, 2006. During Fiscal 2007, the Company expects to incur $4.1 to $4.4 million of equity award expense on a pre-tax basis.

This excerpt taken from the HIBB 8-K filed Nov 17, 2005.

Fiscal 2006 Outlook

For the fourth quarter ending January 28, 2006, the Company expects to report earnings per diluted share of approximately $0.27 to $0.29 and a comparable store sales increase of 3.0% to 5.0% compared with earnings of $0.23 per diluted share in the prior-year period. Guidance for

 



 

fiscal 2006 is estimated at approximately $0.96 to $0.98 per diluted share and a comparable store sales increase in the mid single-digit range.

Mr. Newsome added, "Since 1945, Hibbett has successfully established a ‘home-town niche’ in markets primarily in the Sunbelt. The Hibbett growth story has been far more than new store growth as we have consistently delivered strong sales and earnings. We are focused on continuing the Hibbett growth story during fiscal 2006, and the sales and earnings pace established through the first three quarters position us for another record year."

 

The per share results reported for all periods presented herein reflect the effect of the three-for-two stock split that was distributed on September 27, 2005, to stockholders of record on September 9, 2005.

 

This excerpt taken from the HIBB 8-K filed May 19, 2005.

Fiscal 2006 Outlook

For the second quarter ending July 30, 2005, the Company expects to report earnings per diluted share of approximately $0.17 to $0.21 and a comparable store sales increase in the mid single-digit range compared with restated earnings of $0.12 per diluted share in the prior-year period. Guidance for fiscal 2006 is estimated at approximately $1.32 to $1.38 per diluted share and a comparable store sales increase in the mid single-digit range.

 

 



 

 

Mr. Newsome added, “Based upon the strong growth in earnings and comparable store sales in the quarter, we believe fiscal 2006 will be another record year for Hibbett. Footwear and team equipment are posting very positive trends because of exceptional product, presentation and customer service. With the anniversary of the decline in licensed apparel in the second quarter, we expect apparel to begin contributing to our overall performance in the second half of the year along with continued year-over-year improvement in gross and operating margins from very efficient logistics and store operations.”

 

This excerpt taken from the HIBB 8-K filed Mar 10, 2005.

Fiscal 2006 Outlook

        For the first quarter ending April 30, 2005, the Company expects to report earnings per diluted share of approximately $0.38 to $0.42 and a comparable store sales increase in the mid to high single-digit range compared with earnings of $0.34 per diluted share in the prior-year period. Guidance for fiscal 2006 is estimated at approximately $1.26 to $1.32 per diluted share and a comparable store sales increase in the range of 4% to 5%. This guidance excludes any effect of SFAS No. 123(R), “Share Based Payment” related to the recognition of stock-based compensation expense, which will not be effective until the third quarter of fiscal 2006, which has yet to be determined. This estimate reflects the proper accounting for leases.

    Mr. Newsome added, “Heading into what has historically been a very strong quarter of the year, we are pleased to see that February comps are in the high single-digit range. New store openings in the first quarter are expected to exceed the number of openings in the first quarter a year ago. This accelerated schedule is related somewhat to the carryover of delayed fourth quarter openings, but it also reflects our ability to continue to find attractive Hibbett-type opportunities.”

        The per share results reported for all periods presented herein reflect the effect of the three-for-two stock split that was distributed on April 16, 2004, to stockholders of record on April 1, 2004.

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