Hibbett, Inc. reiterated earnings guidance for the fiscal year 2023. For the year, the company total net sales for the full year are expected to increase in the low-single digit range in dollars compared to Fiscal 2022 results. This implies comparable sales are expected to be in the range of flat to positive low-single digits for the full year.

Full year brick and mortar comparable sales are expected to be in the flat to positive low-single digit range while full year e-commerce revenue growth is anticipated to be in the positive high-single digit range. Net new store growth is expected to be in the range of 30 to 40 stores. Operating income is expected to be in the low double-digit range as a % of sales, also remaining above pre-pandemic levels.

Diluted earnings per share are anticipated to be in the range of $9.75- $10.50 using an estimated full year tax rate of approximately 24.5% and an estimated weighted average diluted share count of 13.3 million.