Hibbett Says Q1 Comparable Sales Decreased 5.8% YoY; Net Sales Fell 1.8% YoY
Portfolio Pulse from Benzinga Newsdesk
Hibbett reported a 5.8% year-over-year decrease in Q1 comparable sales and a 1.8% decline in net sales.
June 05, 2024 | 10:39 am
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NEGATIVE IMPACT
Hibbett reported a 5.8% year-over-year decrease in Q1 comparable sales and a 1.8% decline in net sales, indicating weaker performance.
The reported declines in both comparable sales and net sales suggest weaker performance, which is likely to negatively impact Hibbett's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100