Hibbett's 4Q04 Comps Jump 8.3%

Hibbett Sporting Goods Inc. reported sales during the fourth quarter increased 20.8% to $91.2 million from $75.5 million. Comparable store sales increased 8.3%. For the 52-week fiscal year ended January 31, net sales increased 15.0% to $321 million from $279.2 million. Comparable store sales for the year increased 5.3%.

Mickey Newsome, president and CEO, stated, "One of the best Januarys in the last five years contributed to a strong finish for the year and new quarterly and annual sales records. Apparel, led by licensed products, posted a double-digit comparable sales increase. Footwear, driven by ladies, was up mid-single digits. We are very pleased with this outstanding performance and are comfortable with the current published range of First Call earnings per share estimates for the fourth quarter."

For the quarter, Hibbett opened 24 new stores. For the year, the company opened 57 net new stores, bringing the total to 428 stores in 21 states. Hibbett expects to open approximately 65 net new stores in fiscal 2005. Hibbett's stores average 5,000 square feet in size.