Hibbett Reports Lower-Than-Expected Q2 EPS and Revenue
May 27, 2023
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Furthermore, their revenue of $455.5M missed the projected $458.3M by $2.78M. Hibbett ($NASDAQ:HIBB) is a specialty athletic retailer based in Alabama that offers premium brands and styles of footwear, apparel, and equipment for team sports, fitness, and outdoor activities. The company focuses on providing an exceptional customer experience and providing customers with the latest in athletic fashion trends.
Earnings
The company earned a total revenue of 458.3M USD, a 19.6% increase from the previous year, and 38.42M USD in net income, a 117.6% increase from the previous year. Over the last 3 years, HIBBETT‘s total revenue has increased from 376.83M USD to 458.3M USD.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hibbett. More…
| Total Revenues | Net Income | Net Margin |
| 1.71k | 128.06 | 7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hibbett. More…
| Operations | Investing | Financing |
| 99.9 | -70.16 | -281.56 |
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 |
| 939.16 | 562.93 | 26.63 |
Key Ratios Snapshot
Some of the financial key ratios for Hibbett are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.0% | 67.1% | 9.9% |
| FCF Margin | ROE | ROA |
| 1.5% | 31.2% | 11.2% |
Market Price
HIBBETT, a leading sports and lifestyle retailer, reported its second quarter financial results on Friday and it didn’t meet the expectations. As a result, shares of HIBBETT plunged more than 11% at closing. The stock opened at $41.1 and closed at $39.2, compared to the previous closing price of 44.2. Live Quote…
Analysis
GoodWhale has analyzed HIBBETT‘s wellbeing and found that it is a medium risk investment in terms of financial and business aspects. Specifically, our Risk Rating score places HIBBETT at a medium risk level. We also detected one risk warning in the balance sheet. If you’d like to know more about the risk warnings, please register on our website goodwhale.com to find out more information. More…
Peers
The company’s main competitors are C’sMEN Co Ltd, Shimamura Co Ltd, and Konaka Co Ltd.
– C’sMEN Co Ltd ($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
Revenue of $455.5M was also below the estimated value of $458.3M by $2.78M. On the news, the stock price of Hibbett fell on the same day. It may be beneficial to consider further research and analysis before investing in Hibbett.
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