India, May 24 -- Hibbett Sports Inc. (HIBB) raised earnings per share outlook for fiscal 2020 to a range of $1.70 - $1.85 from the prior estimation of $1.50 - $1.70 per share. It also increased its annual earnings per share, excluding non-recurring items, guidance to a range of $2.00 - $2.15 from the prior outlook of $1.80 - $2.00. Analysts polled by Thomson Reuters expect the company to report earnings of $1.89 per share for fiscal year 2020. Analysts' estimates typically exclude special items.
The company now expects annual comparable store sales growth to be 0.5 percent to 2.0 percent, compared to the prior outlook of negative 1.0 percent to positive 1.0 percent.
As previously indicated, the company is proceeding with the closing of ap...