Hibbett Sports, Inc., together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories.
On Friday Hibbett Sports reported fourth quarter earnings which handsomely beat estimates. On the news the stock rose more than 20%.
Management noted that a major part of the strong quarter was, indeed, a strong e-commerce revenue segment.“We are quite pleased with the fourth-quarter results, which were driven by significant progress on our strategic initiatives along with compelling assortments from our key vendors,” said Jeff Rosenthal, president and CEO. “Our omni-channel initiative
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