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.