: Hibbett stock slides 5% premarket after earnings fall short and company lowers guidance
Hibbett Inc.’s stock HIBB fell 5% premarket Friday, after the sporting goods retailer posted weaker-than-expected fiscal first-quarter earnings and cut its full-year guidance, as its customer continues to grapple with inflation. “Our consumers are facing a number of headwinds that range from inflation to concerns over outright job loss. ,” Chief Executive Mike Longo said in a statement. “Of note, the total amount of the average tax refund was unfavorable to last year by approximately 10%. We believe... Читать дальше...