Hibbett Guides FY24 Below Estimates As Q4 Results Miss Estimates

RTTNews | 909 일 전
Hibbett Guides FY24 Below Estimates As Q4 Results Miss Estimates

(RTTNews) - While reporting financial results for the fourth quarter and full-year 2023 on Friday, athletic-inspired fashion retailer Hibbett Sports Inc. (HIBB) initiated earnings, sales and comparable store sales growth guidance for the full-year 2024.

For fiscal 2024, the company now projects earnings in a range of $9.50 to $10.00 per share on total sales growth, including the impact of the 53rd week, in the mid-single digits, with comparable sales growth in the low-single digits.

On average, three analysts polled by Thomson Reuters expect the company to report earnings of $10.40 per share on sales growth of 5.7 percent to $1.83 billion for the year. Analysts' estimates typically exclude special items.

For the fourth quarter, net income grew to $38.42 million or $2.91 per share from $17.66 million or $1.25 per share in the prior-year quarter.

Net sales for the quarter increased 19.6 percent to $458.30 million from $383.35 million in the same quarter last year.

Comparable sales increased 15.5 percent as brick and mortar comparable sales improved 14.3 percent and e-commerce sales increased 21.4 percent.

The Street was looking for earnings of $2.94 per share on revenues of $476.57 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Australian Market Swings To Modest Gains In Mid-market

Australian Market Swings To Modest Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.
RTTNews | 11 분 전
Asian Markets Mixed Amid Caution Trades

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
RTTNews | 40 분 전
Thai Stock Market Tipped To Open In The Green

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.
RTTNews | 1 시간 46 분 전
Japanese Market Notably Lower

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.
RTTNews | 2 시간 4 분 전
Additional Support Predicted For Indonesia Shares

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.
RTTNews | 2 시간 16 분 전
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
RTTNews | 2 시간 25 분 전
Hong Kong Shares May Stop The Bleeding On Friday

Hong Kong Shares May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.
RTTNews | 2 시간 31 분 전