To: drsvelte who wrote (1492 ) 8/4/1998 12:20:00 AM From: Shelia Jones Read Replies (1) | Respond to of 14427
"Hibbett Sporting Goods, Inc. is a rapidly growing, full-line sporting goods retailer operating 147 stores in small to mid-sized markets in 17 states in the southeast area. The Company's primary store format is Hibbett Sports, a 5,000-square-foot store located primarily in enclosed malls as well as dominant strip centers." Caution: float is about half of evil crumbling tower - ( I read your torture of yahoo newsguy - loved it! ) short interest days to cover is 17 = huge! last week hired a new V.P. of merchandising last eps was 5/20 - downgraded next day (I think they made estimates but they might have been revised down - no idea) Vice President of company sold all exercised options in last 2 months. (I don't think you can tell too much from this though) They have had an aggressive building program of new stores. From SEC: Gross profit. Cost of goods sold includes the cost of inventory, occupancy costs for stores and occupancy and operating costs for the distribution center. Gross profit was $10.2 million, or 30.5% of net sales, in the thirteen weeks ended May 2, 1998, as compared to $8.0 million, or 30.7% of net sales, in the same period of the prior fiscal year. The decrease in gross profit as a percentage of net sales in the thirteen weeks ended May 2, 1998 was due primarily to higher store occupancy costs as a percentage of net sales as a result of the increased number of new stores in the store base. Store operating, selling and administrative expenses. Store operating, selling and administrative expenses were $6.5 million, or 19.6% of net sales, for the thirteen weeks ended May 2, 1998, as compared to $5.2 million, or 20.0% of net sales, for the comparable period a year ago. The decrease in store operating, selling and administrative expenses as a percentage of net sales in the thirteen weeks ended May 2, 1998 is primarily attributable to improved leveraging of administrative costs over higher sales. HIBB's gross profit was down last quarter to 30.5 from a year ago of 30.7 COGS (cost of good sold) rose to 69.5 from 69.3 yr. ago Let me know what you come up with. I'll check into some more of these before passing out. LSH, FBBC and PSMT have very low ( 5K - 20K ) volume RUS was downgraded today by Goldman (good volume though) gg