Let’s dig into the relative performance of Hibbett (NASDAQ:HIBB) and its peers as we unravel the now-completed Q1 sports & outdoor equipment retailer earnings season.
Some of us spend our leisure time vegging out, but many others take to the courts, fields, beaches, and campsites; sports equipment retailers cater to the avid sportsman as well as the weekend warrior. Shoppers can find everything from tents to lawn games to baseball bats to satisfy their athletic and leisure needs along with competitive prices and helpful store associates that can talk through brands, sizing, and product quality. This is a category that has moved rapidly online over the last few decades, so these sports and outdoor equipment retailers have needed to be nimble and aggressive with their e-commerce and omnichannel presences.
The 4 sports & outdoor equipment retailer stocks we track reported a slower Q1. As a group, revenues were in line with analysts’ consensus estimates.
Stocks, especially growth stocks with cash flows further into the future, had a good end of 2023. On the other hand, this year has seen more volatile stock market swings due to mixed inflation data, and sports & outdoor equipment retailer stocks have had a rough stretch. On average, share prices are down 8.1% since the latest earnings results.
Hibbett (NASDAQ:HIBB) With a focus on small and mid-sized markets, Hibbett (NASDAQ:HIBB) is a specialty retailer that sells athletic apparel and footwear as well as select sports equipment.
Hibbett reported revenues of $447.2 million, down 1.8% year on year. This print fell short of analysts’ expectations by 1.5%, but it was still a decent quarter for the company with an impressive beat of analysts’ gross margin estimates.
Mike Longo, President and Chief Executive Officer, stated, ''Our sales and diluted earnings per share for the first quarter of Fiscal 2025 were in line with our expectations in a very challenging athletic footwear and apparel retail market. Despite these challenges, we continue to execute our long-term strategy, establishing Hibbett and City Gear stores as preferred shopping destinations for the compelling product assortment we offer to underserved communities across the country.''
Interestingly, the stock is up 1.4% since reporting and currently trades at $87.48.
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Best Q1: Dick's (NYSE:DKS) Started as a hunting supply store, Dick’s Sporting Goods (NYSE:DKS) is a retailer that sells merchandise for traditional sports as well as for fitness and outdoor activities.
Dick's reported revenues of $3.02 billion, up 6.2% year on year, outperforming analysts’ expectations by 2.7%. It was a strong quarter for the company with optimistic earnings guidance for the full year and a decent beat of analysts’ earnings estimates.
Dick's pulled off the biggest analyst estimates beat, fastest revenue growth, and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 15.6% since reporting. It currently trades at $225.38.
Weakest Q1: Sportsman's Warehouse (NASDAQ:SPWH) A go-to destination for individuals passionate about hunting, fishing, camping, hiking, shooting sports, and more, Sportsman's Warehouse (NASDAQ:SPWH) is an American specialty retailer offering a diverse range of active gear, equipment, and apparel.
Sportsman's Warehouse reported revenues of $244.2 million, down 8.7% year on year, falling short of analysts’ expectations by 1.6%. It was a weak quarter for the company with a miss of analysts’ earnings and gross margin estimates.
Sportsman's Warehouse had the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update in the group. As expected, the stock is down 47.1% since the results and currently trades at $2.01.
Academy Sports (NASDAQ:ASO) Founded in 1938 as a tire shop before expanding into fishing equipment, Academy Sports & Outdoor (NASDAQ:ASO) sells a broad selection of sporting goods but is still known for its outdoor activity merchandise.
Academy Sports reported revenues of $1.36 billion, down 1.4% year on year, in line with analysts’ expectations. Revenue aside, it was a weak quarter for the company with a miss of analysts’ gross margin and earnings estimates.
The stock is flat since reporting and currently trades at $53.86.
This content was originally published on Stock Story
