Sector: Consumer Cyclicals | Industry: Apparel & Accessories Retailers |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2700 Milan Ct BIRMINGHAM AL 35211-6919 |
Tel: | N/A |
Website: | https://investors.hibbett.com |
IR: | See website |
Key People | ||
Michael E. Longo President, Chief Executive Officer, Director | Robert J. Volke Chief Financial Officer, Senior Vice President | Jared S. Briskin Executive Vice President - Merchandising |
Ronald P. Blahnik Senior Vice President, Chief Information Officer | David M. Benck Senior Vice President, General Counsel | William G. Quinn Senior Vice President - Marketing and Digital |
Benjamin Ashley Knighten Senior Vice President - Store Operations | Michael C. Mcabee Senior Vice President - Supply Chain and Store Development | Jonalin S. Smith Senior Vice President - Merchandising |
Business Overview |
Hibbett, Inc. is an athletic-inspired fashion retailer. The Company operates approximately 1,169 retail stores in 36 states, composed of 960 Hibbett stores, 193 City Gear stores and 16 Sports Additions athletic shoe stores. Its Hibbett stores average 5,800 square feet and are located primarily in strip centers, which are usually near a chain retailer. Its City Gear stores average 5,200 square feet and are located primarily in strip centers. Its Sports Additions stores average 2,900 square feet with the majority located in malls and usually near a Hibbett store. Its store base consisted of 912 stores located in strip centers, 32 free-standing stores and 225 enclosed mall locations. It offers personalized customer service and access to coveted footwear and apparel from top brands like Nike, Jordan and Adidas. It maintains a full-line wholesale and logistics facility in Alabaster, Alabama (a suburb of Birmingham) where the Company receives and ships its various merchandise. |
Financial Overview |
For the fiscal year ended 03 February 2024, Hibbett Inc revenues increased 1% to $1.73B. Net income decreased 19% to $103.2M. Revenues reflect Footwear segment increase of 7% to $1.21B, Retail Sales Footwear increase of 7% to $1.21B. Net income was offset by Merchandise Margins, Total -% decrease of 4% to 33.8%, Store operating, selling and administrat increase of 2% to $397.7M (expense). Dividend per share increased from $0.75 to $1.00. |
Employees: | 3,950 as of Feb 3, 2024 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $852.97M as of Feb 3, 2024 |
Annual revenue (TTM): | $1,729M as of Feb 3, 2024 |
EBITDA (TTM): | $187.53M as of Feb 3, 2024 |
Net annual income (TTM): | $103.16M as of Feb 3, 2024 |
Free cash flow (TTM): | $48.44M as of Feb 3, 2024 |
Net Debt Last Fiscal Year: | $26.03M as of Feb 3, 2024 |
Shares outstanding: | 11,796,675 as of Mar 21, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |