Merger-Bound Athletic-Inspired Fashion Retailer Hibbett Stumbles In Q1: Details

Hibbett, Inc. (NASDAQ:HIBB) reported first-quarter fiscal 2025 earnings per share of $2.67, missing the street view of $2.70.

Hibbett registered quarterly revenues of $447.16 million, missing the analyst consensus of $453.91 million. Net sales fell 1.8% year over year.

Comparable sales decreased 5.8% year over year. Brick-and-mortar comparable sales declined 5.8%, while e-commerce sales also decreased 5.8% year over year.

Gross margin was 35.8% of net sales in the first quarter, compared with 33.7% a year ago.

The approximate 210-basis-point increase was driven primarily by higher average product margin, which …

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