Footwear seller Hibbett Comp Store sales rise 3.1% in Q2
20 Aug '05
3 min read
Footwear, apparel and sports equipment seller Hibbett Sporting Goods Inc announced the results for the second quarter ended July 30, 2005.
- Earnings Per Share Increases 75.0%
- Comparable Store Sales Up 3.1%
- Raises Fiscal 2006 Guidance
- Declares 3-for-2 Stock Split
- Increases Stock Repurchase Authorization by $20.0 Million
Financial Highlights
- Net sales for the 13-week period ended July 30, 2005, increased 15.0% to $94.0 million
- Comparable store sales increased 3.1% in the second quarter of fiscal 2006.
- Net income for the second fiscal quarter increased 66.9% to $4.9 million compared with restated net income of $2.9 million in the second fiscal quarter of last year.
- Earnings per diluted share increased 75.0% to $0.21 compared with restated diluted earnings per share of $0.12 in the prior year.
- Comparable store net sales data reflects sales for our Hibbett Sports and Sports Additions stores open through the 13-week period and the corresponding period of the prior fiscal year.
- Net sales for the 26-week period ended July 30, 2005, increased 17.1% to $208.8 million
- Comparable store sales increased 6.0% in the first half of fiscal 2006.
- Net income for the first half of fiscal 2006 increased 42.7% to $15.6 million
- Earnings per diluted share increased 48.9% to $0.67 compared with restated diluted earnings pershare of $0.45 in the prior year.
marketing@alchempro.com
