US sportswear and footwear retailer Hibbett Sports has posted a quarterly profit above Wall Street expectations for the sixth time in a row, helped by improved gross margins. Net income for the fourth quarter ended January 28, 2012, was $15.8 million, compared with $12.5 million a year ago.

Hibbett said revenue rose 10% to $190.7 million. Analysts, on average, had expected the company to earn revenue of $192.5 million, according to Thomson Reuters.

Gross margins rose to 35.7% from 34.9% last year.

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