Hibbett Sports (NASDAQ: HIBB) shares were trading higher on Monday after the company announced second-quarter comparable-store sales are forecasted to increase in excess of 70%. In the first half of 2020, comparable store sales are expected to increase by roughly 20%.
Hibbett Sports is a U.S.-based company that is mainly engaged in the retail of sports goods. The company operates small to midsize stores and focuses its business in the South, Southwest, mid-Atlantic, and Midwest areas of the country. It offers a broad range of sporting goods, including apparel, footwear, accessories and equipment needed for team sports.
Hibbett Sports shares were trading up 21.46% at $27.31 in Monday’s after-hours session. The stock has a 52-week high of $30.98 and a 52-week low of $7.33.
Photo by Thomson200 via Wikimedia.
See more from Benzinga
- Why Akers Biosciences Is Trading Higher Today
- Why Twilio's Stock Is Trading Higher Today
- Why Halliburton's Stock Is Trading Higher Today
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.