Earnings release
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News Release H hibbettsportsinc.gcs-web.com/news-releases/news-release-details/hibbett-reports-first-quarter-results-1 ● ● ● Hibbett Sports - Game Tested . Athlete Approved . ™ M TM Comparable Sales Increase 87.3 % Versus Fiscal 2021 Comparable Sales Increase 51.4 % Versus Fiscal 2020 Record Quarterly Earnings Per Diluted Share of $ 5.00 BIRMINGHAM , Ala .-- ( BUSINESS WIRE ) -- May 28 , 2021-- Hibbett Sports , Inc. ( Nasdaq / GS : HIBB ) , an athletic - inspired fashion retailer , today provided financial results for its first quarter ended May 1 , 2021 , and business updates . Mike Longo , President and Chief Executive Officer , commented , " Our Fiscal 2022 is off to an excellent start as our business continues to build on the strong momentum we experienced last year . Record quarterly sales and earnings were a result of our continued commitment to offering a compelling assortment of merchandise combined with our trademark superior customer service and a best - in - class omni - channel platform . New customer retention , improved store level engagement , government stimulus , and access to coveted brand name products contributed to our comparable sales growth of 87.3 % during the quarter and drove additional transactions and a higher average ticket across our store base and online platform . " Mr. Longo continued , " The robust demand we experienced during our first quarter in addition to the ongoing constraints in the supply chain limited our opportunity to build our inventory position during the quarter . However , we believe our ability to consistently deliver in - demand footwear , apparel , and accessories to underserved communities has strengthened our vendor partnerships , increased our loyalty program membership , and continues to attract new customers . " Finally , Mr. Longo added , " The impressive results we have experienced since the beginning of the COVID - 19 pandemic reflect our team members ' diligence and dedication toward providing an exceptional customer experience by executing our toe - to - head merchandising strategy successfully . We will continue to make investments in our store base and in technology across our omni - channel platform to further enhance our customer experience as well as improve internal business processes . " First Quarter Results 1/11