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Mixed bag for Hibbett Sports
Hibbett Sports beat the Street on profit in the first quarter, but missed on sales. The retailer on Friday reported better-than-expected first-quarter earnings of $27.9 million, compared with $27.4 million in the year-ago period. Revenue for the quarter ended April 30 totaled $282.1 million, up from $269.8 million last year. Comparable store sales increased 1.1%. -
Foot Locker profits hit new heights in Q1; sales miss
Foot Locker Inc. saw net income reaching unprecedented levels during the first quarter of fiscal 2016, although sales growth missed Wall Street expectations. Net income rose 4% to $191 million, from $184 million. Higher pretax income offset a slight increase in income tax expense, resulting in the profit boost. Sales also climbed 4% to $1.99 billion, from $1.92 billion. Same-store sales rose 2.9%.

