Hibbett Inc (OQ:HIBB)

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
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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

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