HIBBETT Reports Total Revenue of USD 431.9 Million for Third Quarter of FY2024, a Slight Decrease of 0.3%
November 30, 2023
🌥️Earnings Overview
For the third quarter of FY2024, ending on October 31 2023, HIBBETT ($NASDAQ:HIBB) reported total revenue of USD 431.9 million, representing a slight decrease of 0.3% compared to the same period in FY2023. Net income for Q3 also decreased by 0.3%, amounting to USD 25.5 million.
Analysis
GoodWhale conducted an analysis of HIBBETT‘s well-being and the result revealed a high health score of 8/10. This score indicates that the company is capable of paying off debt and funding future operations with its cashflows and debt. HIBBETT is strong in growth, profitability, and medium in asset, dividend. Consequently, the company has been classified as ‘gorilla’, a type of company with a strong competitive advantage that achieved stable and high revenue or earning growth. Given these characteristics, investors who are looking for opportunities with potential for high returns and stable growth may be particularly interested in investing in HIBBETT. These investors may include long-term investors looking to diversify their portfolios, as well as those who wish to benefit from capital appreciation through value investing. Additionally, those who prioritize shareholder returns, such as through dividends, may also be drawn to HIBBETT due to its strong performance. 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 |
| 1.72k | 110.7 | 6.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hibbett. More…
| Operations | Investing | Financing |
| 87.53 | -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 |
| 950.89 | 561.84 | 32.06 |
Key Ratios Snapshot
Some of the financial key ratios for Hibbett are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.3% | 15.8% | 8.6% |
| FCF Margin | ROE | ROA |
| 1.7% | 23.2% | 9.7% |
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 a slight decrease in total revenue and net income for the third quarter of FY2024 ending October 31 2023, amounting to USD 431.9 million and USD 25.5 million respectively. Despite this, the company’s stock price moved up on the same day, indicating investors remain confident in the performance of the company. It is important for investors to closely monitor the financial performance of Hibbett in order to make informed decisions about their investments.
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