August 18, 2017 / 11:09 AM / in 3 months

BRIEF-Hibbett Sports reports Q2 loss per share $0.15

Aug 18 (Reuters) - Hibbett Sports Inc:

* Hibbett reports second quarter fiscal 2018 results

* Q2 loss per share $0.15

* Q2 sales $188 million vs I/B/E/S view $190.2 million

* Q2 same store sales fell 11.7 percent

* Q2 earnings per share view $-0.20 -- Thomson Reuters I/B/E/S

* ‍Updates fiscal 2018 outlook​

* Sees ‍2018 comparable store sales in negative mid to high single-digit range​

* Looking forward, expect external environment to remain challenging

* “Continued soft sales for remainder of year due to a challenging retail environment”

* Co sees reduction in gross margin rate of 250 to 285 basis points in FY 2018

* Experienced very difficult retail environment in quarter, with significant decline in transactions and resulting pressure on gross margin

* Hibbett Sports sees FY 2018 earnings per diluted share in range of $1.25 to $1.35, which compares with previous guidance of $2.35 to $2.55 Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below