Hibbett Continues To See FY24 Total Sales To Be Flat To Up ~2.0%; Raises EPS Outlook From $7.00-$7.75 To $8.00-$8.30
Portfolio Pulse from Benzinga Newsdesk
Hibbett Sports, Inc. has updated its fiscal year 2024 guidance, maintaining its total sales forecast to be flat to an increase of approximately 2.0%. Additionally, the company has raised its earnings per share (EPS) outlook from the previously stated range of $7.00-$7.75 to a new range of $8.00-$8.30.
November 21, 2023 | 11:35 am
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Hibbett Sports, Inc. has provided a positive update on its FY24 financial outlook, with sales expected to be stable or slightly up and a significant increase in the EPS guidance.
The increase in EPS guidance suggests that Hibbett Sports is expecting improved profitability, which could be due to cost management or higher-margin sales. This positive revision is likely to be well-received by investors and could lead to a short-term increase in the stock price, as it indicates better-than-expected financial performance.
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IMPORTANCE 90
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