Hibbett Sports: cuts FY targets
(CercleFinance.com) - Hibbett Sports has reduced its annual targets, now expecting EPS of only 1.
57 dollar to 1.75 dollar, instead of 1.65 dollar to 1.95 dollar previously, with comparable growth of -1% to +1%, which the group has trimmed from -1% to +2%.
The sports goods chain store posted a net loss of 1.2 million dollars in Q2, i.e. six cents per share, compared to a loss of 15 cents a share a year earlier. At 211.1 million dollars, its revenues increased by 4.1% in comparable terms.
“We continue to make investments for the long-term success of the business, and we are starting to see the benefits from these investments in our operations,” confirmed the Birmingham (Alabama) based group's CEO Jeff Rosenthal.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
57 dollar to 1.75 dollar, instead of 1.65 dollar to 1.95 dollar previously, with comparable growth of -1% to +1%, which the group has trimmed from -1% to +2%.
The sports goods chain store posted a net loss of 1.2 million dollars in Q2, i.e. six cents per share, compared to a loss of 15 cents a share a year earlier. At 211.1 million dollars, its revenues increased by 4.1% in comparable terms.
“We continue to make investments for the long-term success of the business, and we are starting to see the benefits from these investments in our operations,” confirmed the Birmingham (Alabama) based group's CEO Jeff Rosenthal.
Copyright (c) 2018 CercleFinance.com. All rights reserved.