Hibbett Expects FY24 Sales To Be Flat To Up Around 2.0%, Compared To Prior Guidance Of Up Mid-Single Digit; Expects Diluted EPS Of $7.00-$7.75 Down From Prior Guidance Of $9.50-$10.00
Portfolio Pulse from Benzinga Newsdesk
Hibbett Sports has revised its FY24 sales guidance to be flat to up around 2.0%, compared to its prior guidance of up mid-single digit. The company also expects diluted EPS of $7.00-$7.75, down from the previous guidance of $9.50-$10.00.
May 26, 2023 | 10:34 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Hibbett Sports has lowered its FY24 sales and diluted EPS guidance, which may negatively impact its stock price.
Hibbett Sports has revised its FY24 sales guidance to be flat to up around 2.0%, compared to its prior guidance of up mid-single digit. This indicates that the company is expecting lower sales growth than previously anticipated. Additionally, the company has lowered its diluted EPS guidance from $9.50-$10.00 to $7.00-$7.75, which suggests lower profitability. These factors may negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100