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Hibbett CEO: Despite Record Q1, Inventory ‘Shortfall Cost Us Sales’

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Hibbett Sports saw first-quarter net sales skyrocket to a record $506.9 million, up 87.8 percent from $269.8 million a year ago, and generated earnings of $5 per share, smashing the consensus Wall Street estimates of $2.77. The athletic-inspired fashion retailer has raised its full-year outlook for comparable sales, diluted earnings per share and gross margin…

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