Hibbett reports positive Q1 earnings
Sporting equipment, apparel and footwear retailer Hibbett Sporting Goods, Inc. has published improved financial results for the first quarter ended April 29.
Net sales for the 13-week period increased 10.5% to $126.9 million compared with $114.8 million for the corresponding period in 2005. Net income for the first quarter increased 7.7% to $11.5 million compared with $10.7 million in the first quarter of last year.
Hibbett opened eleven new stores during the first quarter, bringing its store base to 560 in 22