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![LongYield Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1532029910671314948.png) LongYield [@LongYield](/creator/twitter/LongYield) on x 4476 followers
Created: 2023-11-22 22:15:19 UTC

$HIBB Hibbett, Inc. Earnings Call Key Highlights:

Financial Performance: Hibbett reported a slight decrease in total net sales for Q3 fiscal '24, dropping XXX% to $XXXXX million from $XXXXX million in Q3 fiscal '23. Overall comp sales decreased XXX% year-over-year. E-commerce sales increased by XXXX% and represented XX% of net sales.

Strong Footwear Sales: Footwear continued to drive sales, especially in premium brands, benefiting from a regular schedule of new product launches and strong vendor relationships.

Nike Connected Partnership: The launch of the Nike Connected partnership, linking Hibbett and Nike's loyalty programs, is a significant development. It offers exclusive shopping experiences and early access to Nike and Jordan member products.

Expense Management and Inventory Control: Hibbett emphasized improved expense management and disciplined inventory controls. They are on track to achieve a mid-teens year-over-year inventory decline by year-end.

Store Expansion Strategy: The company remains on target to add approximately XX net new stores this year, contributing to growth.

Challenges in Apparel and Team Sports: Apparel and Team Sports categories experienced declines, primarily due to seasonal factors and a promotional environment caused by elevated inventory levels in the market.

Customer Spending Patterns: The retail environment remains challenging with selective consumer spending. However, customers intend to purchase more this holiday season than last year.

E-Commerce Growth: The company has seen an increase in online shopping, with efforts to drive more traffic in stores and online.

Guidance for Fiscal Year '24: Hibbett anticipates diluted EPS for the full year to be between $X and $8.30, with net sales expected to be flat to up approximately X% compared to fiscal '23. Total comparable sales are expected to decline in the low single-digit range for the full year.

Future Outlook: Despite economic uncertainties and a promotional environment, Hibbett remains positive about its business model, focusing on long-term investments, market share gains, and customer experience enhancements. They expect challenges in the retail sector but are prepared with a strong product lineup and efficient operations.

![](https://pbs.twimg.com/media/F_kjRKLXsAAgk_L.png)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1727450713427415049/c:line.svg)

**Related Topics**
[footwear](/topic/footwear)
[ecommerce](/topic/ecommerce)
[quarterly earnings](/topic/quarterly-earnings)
[$hibb](/topic/$hibb)

[Post Link](https://x.com/LongYield/status/1727450713427415049)

[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

LongYield Avatar LongYield @LongYield on x 4476 followers Created: 2023-11-22 22:15:19 UTC

$HIBB Hibbett, Inc. Earnings Call Key Highlights:

Financial Performance: Hibbett reported a slight decrease in total net sales for Q3 fiscal '24, dropping XXX% to $XXXXX million from $XXXXX million in Q3 fiscal '23. Overall comp sales decreased XXX% year-over-year. E-commerce sales increased by XXXX% and represented XX% of net sales.

Strong Footwear Sales: Footwear continued to drive sales, especially in premium brands, benefiting from a regular schedule of new product launches and strong vendor relationships.

Nike Connected Partnership: The launch of the Nike Connected partnership, linking Hibbett and Nike's loyalty programs, is a significant development. It offers exclusive shopping experiences and early access to Nike and Jordan member products.

Expense Management and Inventory Control: Hibbett emphasized improved expense management and disciplined inventory controls. They are on track to achieve a mid-teens year-over-year inventory decline by year-end.

Store Expansion Strategy: The company remains on target to add approximately XX net new stores this year, contributing to growth.

Challenges in Apparel and Team Sports: Apparel and Team Sports categories experienced declines, primarily due to seasonal factors and a promotional environment caused by elevated inventory levels in the market.

Customer Spending Patterns: The retail environment remains challenging with selective consumer spending. However, customers intend to purchase more this holiday season than last year.

E-Commerce Growth: The company has seen an increase in online shopping, with efforts to drive more traffic in stores and online.

Guidance for Fiscal Year '24: Hibbett anticipates diluted EPS for the full year to be between $X and $8.30, with net sales expected to be flat to up approximately X% compared to fiscal '23. Total comparable sales are expected to decline in the low single-digit range for the full year.

Future Outlook: Despite economic uncertainties and a promotional environment, Hibbett remains positive about its business model, focusing on long-term investments, market share gains, and customer experience enhancements. They expect challenges in the retail sector but are prepared with a strong product lineup and efficient operations.

XXX engagements

Engagements Line Chart

Related Topics footwear ecommerce quarterly earnings $hibb

Post Link

post/tweet::1727450713427415049
/post/tweet::1727450713427415049