Hibbett Sports Raises FY18 Outlook - Quick Facts

(RTTNews) - While reporting its third-quarter financial results today, athletic specialty retailer Hibbett Sports Inc. (HIBB) raised its earnings and comaprable store sales outlook for fiscal 2018.

For fiscal 2018, Hibbett Sports now forecasts earnings in a range of $1.42 to $1.50 per share, up from the prior range of $1.25 to $1.35 per share. The company now projects full-year comparable store sales in the negative mid-single-digit range, compared to the previous guidance in the negative mid to high single-digit range.

On average, 14 analysts polled by Thomson Reuters expect the company to report earnings of $1.31 per share for the year. Analysts' estimates typically exclude special items.