Hibbett Q2 profit falls short of estimates as sales beat

Sporting retailer Hibbett Inc. posted net income of $24.7 million, or $1.86 a share, for the second quarter, down from $46.7 million, or $2.86 a share, in the year-earlier period. Sales fell 6.3% to $392.8 million from $419.3 million a year ago. The FactSet consensus was for EPS of $2.14 and ales of $387 million. Same-store sales fell 9.2%, compared with a FactSet consensus for a decline of just 7.8%. "We were pleased with the resiliency of our consumer and the strong loyalty for our key...