Hibbett Sees FY25 Sales To Be Flat - +2%; EPS Of $8.00 - $8.75 Vs $8.82 Est.
Portfolio Pulse from Benzinga Newsdesk
Hibbett, a sporting goods retailer, forecasts its fiscal year 2025 sales to range from flat to a 2% increase, with earnings per share (EPS) projected to be between $8.00 and $8.75, compared to the estimated $8.82.
March 15, 2024 | 10:34 am
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Hibbett projects FY25 sales growth between 0-2% and EPS of $8.00-$8.75, under the $8.82 estimate.
Hibbett's forecast for FY25 indicates a potential slowdown in growth and a lower EPS than analysts estimated, which could lead to negative investor sentiment and a potential decrease in stock price in the short term.
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