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Hibbett Sports Surges After Handily Beating Earnings Estimates

Jacob Sonenshine

were soaring Friday after the sporting goods retailer handily beat fourth-quarter earnings estimates. The $329 million market-cap company with 1,025 retail stores saw its stock rise 20.29% to $21.70 a share. Hibbett said it will close 95 Hibbett stores by 2020, open 10 to 15 CityGear stores, and focus on its e-commerce strategy.