Hibbett's Comp Sales Haven't Been This Bad Since The Financial Crisis

Shares of Hibbett Sports (HIBB) are plunging early Monday after the athletic specialty chain, which has over 1,000 stores, said that "very challenging sales trends" are weighing on same-store sales to the tune of a 10% decline in the second quarter.

Comps have only crumbled by 10% or more on only one other occasion, said Quo Vadis Capital's John Zolidis — the July quarter of the financial crisis, when same-store sales sank 10.5%.

Hibbett said it now expects a per-share loss of 19-22...

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