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Softer-than-expected Q2 comp-store sales for Hibbett
BIRMINGHAM, Ala. — Hibbett Sports reported a weaker-than-expected comparable-store sales increase of 0.3% for the second quarter ended Aug. 3, compared to a 4.8% increase in the prior-year period.
Last year's second quarter benefited from the extra week in the fiscal calendar which resulted in approximately $12 million of sales.
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Buckle Q2 income up 8%
Kearney, Neb. -- The Buckle’s net income rose 8% in the second quarter on improved sales. The apparel retailer earned $25.1 million for the three months ended Aug. 3, compared to $23.2 million a year ago.
Revenue grew 8%, to $232.5 million from $215.5 million. Online sales rose 5.3%. Same-store increased 3.2%, short of analysts expectations.