HIBBETT Reports 7.4% Year-on-Year Revenue Increase and 8.8% Year-on-Year Decrease in Net Income for FY 2024 Q1
June 12, 2023
☀️Earnings Overview
At the end of Q1 of fiscal year 2024 on April 30 2023, HIBBETT ($NASDAQ:HIBB) reported total revenue of USD 455.5 million, showing a 7.4% increase compared to the same period in the previous year, and net income of USD 35.9 million, which was 8.8% lower than the year before.
Analysis
This conclusion was drawn from a detailed assessment of the company’s financial and business aspects. The analysis revealed one risk warning in the balance sheet, but further details are only available to those who register with GoodWhale. By doing so, investors can evaluate HIBBETT‘s risk profile for themselves and make an informed decision about their investment. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hibbett. More…
| Total Revenues | Net Income | Net Margin |
| 1.74k | 124.58 | 7.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hibbett. More…
| Operations | Investing | Financing |
| 77.04 | -63.17 | -14.91 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hibbett. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 965.35 | 566.33 | 29.52 |
Key Ratios Snapshot
Some of the financial key ratios for Hibbett are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.1% | 67.1% | 9.4% |
| FCF Margin | ROE | ROA |
| 0.8% | 27.2% | 10.6% |
Peers
The company’s main competitors are C’sMEN Co Ltd, Shimamura Co Ltd, and Konaka Co Ltd.
– C’sMEN Co Ltd ($TSE:3083)
Singing River Health System is a non-profit, community-owned health system located in Jackson County, Mississippi. The health system includes Singing River Hospital, George E. Weems Memorial Hospital, Ocean Springs Hospital, and a number of other healthcare facilities. The system has a total of 2,000 employees and provides care for patients in Mississippi, Alabama, and Louisiana.
– Shimamura Co Ltd ($TSE:8227)
Shimamura Co Ltd is a Japanese company that operates a chain of discount stores. As of 2022, the company had a market capitalization of 449.84 billion yen and a return on equity of 7.86%. The company was founded in 1954 and is headquartered in Tokyo, Japan.
– Konaka Co Ltd ($TSE:7494)
Konaka Co Ltd is a Japanese electronics company with a market cap of 9.67B as of 2022. The company has a Return on Equity of 0.49%. Konaka is primarily engaged in the manufacture and sale of electronic equipment, including semiconductor production equipment, electronic measuring instruments, and electronic control devices. The company also offers services related to the design, development, and maintenance of electronic equipment.
Summary
Hibbett reported total revenue of USD 455.5 million and net income of USD 35.9 million on April 30 2023, the end of its fiscal year 2024’s Q1. This resulted in a 7.4% year-on-year increase in revenue and 8.8% year-on-year decrease in net income. The stock price moved down the same day.
Investors should consider this information when analyzing potential returns from investing in Hibbett. Despite the year-on-year decrease in net income, investors should consider the overall positive trend of increased revenue and the potential future growth to potentially generate a profitable return on their investment.
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