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Hibbett profit, sales rise in Q3; to open 60 stores in 2013
Birmingham, Ala. -- Hibbett Sports reported Friday that net income for the quarter ended Oct. 27 climbed 18.8% to $19 million, compared with $16 million in the year-ago period.
Sales rose 9.6% to $202.9 million, and same-store sales increased 6.4%.
The sporting goods retailer said it is on track to open 57 to 60 new stores in fiscal 2013, expand approximately 17 high-performing stores, and close up to 18 stores. -
Hot Topic Q3 profit leaps 38%
City of Industry, Calif. -- Hot Topic Inc. reported Wednesday that profit for the third quarter jumped 38% to $4.3 million, from $3.1 million in the year-ago quarter.
Revenue edged up 2% to $179.4 million from $175.8 million, missing Wall Street’s expected $182.9 million in revenue.
Same-store sales rose a slight 0.2%.