HIBB / Hibbett stock slides 5% premarket after earnings fall short and company lowers guidance

Investors with an interest in Retail - Apparel and Shoes stocks have likely encountered both Hibbett (HIBB) and Kering SA (PPRUY). But which of these more_horizontal

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Hibbett, Inc. (Nasdaq/GS: HIBB), an athletic-inspired fashion retailer, today announced details for the release of more_horizontal

Hibbett's (HIBB) Q2 results reflect higher promotions, weak consumer confidence and inflation. Its strong back-to-school season and improved product a more_horizontal

Investors have been selling Hibbett stock because of headwinds in the athletic retail space. Hibbett is facing headwinds, but its financial results we more_horizontal

Better-than-feared would be how the market saw Hibbett Inc (NASDAQ:HIBB) quarterly results on Friday as the sports retailer's stock rallied in early more_horizontal

Hibbett (HIBB) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings more_horizontal

Hibbett Inc.'s stock HIBB, -1.76% soared 5% in premarket trade Friday, after the sporting goods retailer beat profit estimates for the second quarter more_horizontal

Hibbett is currently trading at 6.5x the low point of recently lowered FY2024 EPS guidance. This low multiple can be attributed to Hibbett's declining more_horizontal