US: Hibbett Sports lowers FY guidance as Q2 profit tumbles
By just-style.com | 21 August 2009
A lack of stimulus cheques and the later timing of tax-free holidays have been blamed for a 77% drop in second quarter profit at sporting goods retailer Hibbett Sports Inc, prompting it to lower its earnings guidance for the year.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you're already a member, login here.
More articles related to this one
US: JC Penney full-year profits fall 56%
US department store chain JC Penney saw its profits more than half during fiscal 2009, compared to the prior year, with a drop in sales offsetting margin improvements.
ANALYSIS: Wal-Mart upbeat on US outlook despite sales decline
US retail giant Wal-Mart struck an upbeat note on the performance of its namesake US business today (18 February), despite posting a decline in sales during the fourth quarter.
SOUTH AFRICA: Woolworths books rise in H1 profits
Woolworths Holdings booked a rise in first-half profits today (18 February) but sounded a cautious note on the South African and Australian markets.