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Hibbett Sports Q4 profit soars 55%, beats Street

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Birmingham, Ala. Hibbett Sports said Friday that its fiscal fourth-quarter profit surged 55%. During the quarter, Hibbett earned $11.8 million, compared with $7.6 million during the same period a year earlier.

Revenue for the period ended Jan. 30 grew 13% to $166.8 million, from $147.9 million, aided by strong sales of University of Alabama and New Orleans Saints merchandise, which both won championships this season.

Wall Street expected revenue of $154.7 million.

Same-store sales rose 9.6% in the quarter.

Full-year earnings climbed 11% to $32.5 million. Sales increased 5% to $593.5 million.

Same-store sales edged up 0.7%.