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Hibbett Sports, Inc.

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Hibbett remains focused on strategic growth initiatives, as evident from its latest store-to-home capacity and loyalty program. Moreover, it is on track to launch its eCommerce site in the third quarter, highlighting its omnichannel efforts. Additionally, Hibbett’s healthy financial status remains noteworthy. However, the company has underperformed the broader industry year to date due to back-to-back dismal sales performances. The company’s surprise history reveals that it has lagged sales estimates in eight out of the last nine quarters. Further, the year–over-year decline in first-quarter fiscal 2018 earnings and a tepid outlook for fiscal 2018 hurt the stock. Also, its consumer driven business remains prone to unstable economic conditions. Nonetheless, fiscal second quarter estimates have been stable ahead of the earnings release, and the company has a mixed record of earnings surprises in recent quarters.


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