☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Delaware | 20-8159608 | |||||||
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Common Stock, $0.01 Par Value Per Share | HIBB | Nasdaq Global Select Market |
Yes | ☒ | No | ☐ |
Yes | ☒ | No | ☐ |
Large accelerated filer | ☒ | Accelerated filer | ☐ | |||||||||||
Non-accelerated filer | ☐ | Smaller reporting company | ☐ | |||||||||||
Emerging growth company | ☐ |
Yes | ☐ | No | ☒ |
Page | ||||||||
ASSETS | October 29, 2022 | January 29, 2022 | October 30, 2021 | ||||||||||||||
Current assets: | |||||||||||||||||
Cash and cash equivalents | $ | 25,114 | $ | 17,054 | $ | 29,749 | |||||||||||
Receivables, net | 15,170 | 13,607 | 13,349 | ||||||||||||||
Inventories, net | 404,819 | 221,219 | 258,839 | ||||||||||||||
Other current assets | 29,577 | 25,134 | 22,401 | ||||||||||||||
Total current assets | 474,680 | 277,014 | 324,338 | ||||||||||||||
Property and equipment, net | 165,196 | 145,967 | 127,715 | ||||||||||||||
Operating right-of-use assets | 266,402 | 243,751 | 232,847 | ||||||||||||||
Finance right-of-use assets, net | 2,027 | 2,186 | 2,137 | ||||||||||||||
Tradename intangible asset | 23,500 | 23,500 | 23,500 | ||||||||||||||
Deferred income taxes, net | 2,484 | 7,187 | 11,188 | ||||||||||||||
Other assets, net | 3,081 | 3,612 | 3,517 | ||||||||||||||
Total assets | $ | 937,370 | $ | 703,217 | $ | 725,242 | |||||||||||
LIABILITIES AND STOCKHOLDERS' INVESTMENT | |||||||||||||||||
Current liabilities: | |||||||||||||||||
Accounts payable | $ | 209,194 | $ | 85,647 | $ | 116,234 | |||||||||||
Operating lease obligations | 71,649 | 68,521 | 61,643 | ||||||||||||||
Credit facility | 51,657 | — | — | ||||||||||||||
Finance lease obligations | 1,057 | 975 | 861 | ||||||||||||||
Accrued payroll expenses | 11,550 | 26,320 | 18,805 | ||||||||||||||
Other accrued expenses | 16,820 | 13,401 | 15,009 | ||||||||||||||
Total current liabilities | 361,927 | 194,864 | 212,552 | ||||||||||||||
Operating lease obligations | 233,504 | 212,349 | 202,568 | ||||||||||||||
Finance lease obligations | 1,143 | 1,427 | 1,505 | ||||||||||||||
Unrecognized tax benefits | 357 | 546 | 631 | ||||||||||||||
Other liabilities | 2,605 | 2,516 | 2,501 | ||||||||||||||
Total liabilities | 599,536 | 411,702 | 419,757 | ||||||||||||||
Stockholders' investment: | |||||||||||||||||
Common stock, 39,847,656, 39,611,163 and 39,587,012 shares issued, respectively | 398 | 396 | 396 | ||||||||||||||
Paid-in capital | 209,659 | 202,729 | 201,370 | ||||||||||||||
Retained earnings | 1,102,243 | 1,022,317 | 1,008,066 | ||||||||||||||
Treasury stock, at cost; 27,161,181, 26,317,947 and 25,900,206 shares repurchased, respectively | (974,466) | (933,927) | (904,347) | ||||||||||||||
Total stockholders' investment | 337,834 | 291,515 | 305,485 | ||||||||||||||
Total liabilities and stockholders' investment | $ | 937,370 | $ | 703,217 | $ | 725,242 |
13-Weeks Ended | 39-Weeks Ended | ||||||||||||||||||||||||||||||||||
October 29, 2022 | October 30, 2021 | October 29, 2022 | October 30, 2021 | ||||||||||||||||||||||||||||||||
% to Sales | % to Sales | % to Sales | % to Sales | ||||||||||||||||||||||||||||||||
Net sales | $ | 433,164 | $ | 381,719 | $ | 1,250,021 | $ | 1,307,837 | |||||||||||||||||||||||||||
Cost of goods sold | 284,434 | 65.7 | % | 243,023 | 63.7 | % | 809,306 | 64.7 | % | 796,028 | 60.9 | % | |||||||||||||||||||||||
Gross margin | 148,730 | 34.3 | % | 138,696 | 36.3 | % | 440,715 | 35.3 | % | 511,809 | 39.1 | % | |||||||||||||||||||||||
Store operating, selling and administrative expenses | 103,510 | 23.9 | % | 96,324 | 25.2 | % | 290,520 | 23.2 | % | 281,328 | 21.5 | % | |||||||||||||||||||||||
Depreciation and amortization | 11,019 | 2.5 | % | 8,959 | 2.3 | % | 32,463 | 2.6 | % | 25,418 | 1.9 | % | |||||||||||||||||||||||
Operating income | 34,201 | 7.9 | % | 33,413 | 8.8 | % | 117,732 | 9.4 | % | 205,063 | 15.7 | % | |||||||||||||||||||||||
Interest expense, net | 467 | 0.1 | % | 64 | — | % | 900 | 0.1 | % | 191 | — | % | |||||||||||||||||||||||
Income before provision for income taxes | 33,734 | 7.8 | % | 33,349 | 8.7 | % | 116,832 | 9.3 | % | 204,872 | 15.7 | % | |||||||||||||||||||||||
Provision for income taxes | 8,161 | 1.9 | % | 8,157 | 2.1 | % | 27,199 | 2.2 | % | 48,218 | 3.7 | % | |||||||||||||||||||||||
Net income | $ | 25,573 | 5.9 | % | $ | 25,192 | 6.6 | % | $ | 89,633 | 7.2 | % | $ | 156,654 | 12.0 | % | |||||||||||||||||||
Basic earnings per share | $ | 1.99 | $ | 1.75 | $ | 6.89 | $ | 10.13 | |||||||||||||||||||||||||||
Diluted earnings per share | $ | 1.94 | $ | 1.68 | $ | 6.71 | $ | 9.74 | |||||||||||||||||||||||||||
Weighted-average shares: | |||||||||||||||||||||||||||||||||||
Basic | 12,837 | 14,362 | 13,004 | 15,460 | |||||||||||||||||||||||||||||||
Diluted | 13,202 | 14,975 | 13,358 | 16,082 |
39-Weeks Ended | |||||||||||
October 29, 2022 | October 30, 2021 | ||||||||||
Cash Flows From Operating Activities: | |||||||||||
Net income | $ | 89,633 | $ | 156,654 | |||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | 32,463 | 25,418 | |||||||||
Stock-based compensation | 5,407 | 4,373 | |||||||||
Impairment charges | 346 | 2,508 | |||||||||
Contingent earnout, net | — | (13,761) | |||||||||
Other non-cash adjustments | 4,682 | 2,141 | |||||||||
Changes in operating assets and liabilities: | |||||||||||
Inventories, net | (183,600) | (56,801) | |||||||||
Receivables, net | (1,510) | (1,527) | |||||||||
Accounts payable | 119,760 | 6,270 | |||||||||
Income tax payable, net | 2,697 | (1,259) | |||||||||
Other assets and liabilities | (17,478) | (12,028) | |||||||||
Net cash provided by operating activities | 52,400 | 111,988 | |||||||||
Cash Flows From Investing Activities: | |||||||||||
Capital expenditures | (47,463) | (43,894) | |||||||||
Other, net | 938 | 913 | |||||||||
Net cash used in investing activities | (46,525) | (42,981) | |||||||||
Cash Flows From Financing Activities: | |||||||||||
Proceeds under credit facilities | 688,665 | — | |||||||||
Repayments under credit facilities | (637,008) | — | |||||||||
Stock repurchases | (38,458) | (238,327) | |||||||||
Cash used for contingent earnout | — | (1,239) | |||||||||
Cash dividends paid to stockholders | (9,699) | (7,533) | |||||||||
Payments of finance lease obligations | (759) | (736) | |||||||||
Proceeds from options exercised and purchase of shares under the employee stock purchase plan | 1,525 | 2,465 | |||||||||
Other, net | (2,081) | (3,178) | |||||||||
Net cash provided by (used in) financing activities | 2,185 | (248,548) | |||||||||
Net increase (decrease) in cash and cash equivalents | 8,060 | (179,541) | |||||||||
Cash and cash equivalents, beginning of period | 17,054 | 209,290 | |||||||||
Cash and cash equivalents, end of period | $ | 25,114 | $ | 29,749 |
13-Weeks Ended October 29, 2022 | |||||||||||||||||||||||||||||||||||||||||
Common Stock | Treasury Stock | ||||||||||||||||||||||||||||||||||||||||
Shares | Amount | Paid-In Capital | Retained Earnings | Shares | Amount | Total Stockholders' Investment | |||||||||||||||||||||||||||||||||||
Balance - July 30, 2022 | 39,830 | $ | 398 | $ | 207,678 | $ | 1,079,872 | 27,000 | $ | (965,405) | $ | 322,543 | |||||||||||||||||||||||||||||
Net income | — | — | — | 25,573 | — | — | 25,573 | ||||||||||||||||||||||||||||||||||
Issuance of shares through the Company's equity plans | 18 | — | 617 | — | — | — | 617 | ||||||||||||||||||||||||||||||||||
Purchase of shares under the stock repurchase program | — | — | — | — | 161 | (9,049) | (9,049) | ||||||||||||||||||||||||||||||||||
Settlement of net share equity awards | — | — | — | — | — | (12) | (12) | ||||||||||||||||||||||||||||||||||
Cash dividends declared, $0.25 per common share | — | — | — | (3,202) | — | — | (3,202) | ||||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | 1,364 | — | — | — | 1,364 | ||||||||||||||||||||||||||||||||||
Balance - October 29, 2022 | 39,848 | $ | 398 | $ | 209,659 | $ | 1,102,243 | 27,161 | $ | (974,466) | $ | 337,834 |
13-Weeks Ended October 30, 2021 | |||||||||||||||||||||||||||||||||||||||||
Common Stock | Treasury Stock | ||||||||||||||||||||||||||||||||||||||||
Shares | Amount | Paid-In Capital | Retained Earnings | Shares | Amount | Total Stockholders' Investment | |||||||||||||||||||||||||||||||||||
Balance - July 31, 2021 | 39,578 | $ | 396 | $ | 199,713 | $ | 986,568 | 24,473 | $ | (786,498) | $ | 400,179 | |||||||||||||||||||||||||||||
Net income | — | — | — | 25,192 | — | — | 25,192 | ||||||||||||||||||||||||||||||||||
Issuance of shares through the Company's equity plans | 9 | — | 468 | — | — | — | 468 | ||||||||||||||||||||||||||||||||||
Purchase of shares under the stock repurchase program | — | — | — | — | 1,427 | (117,850) | (117,850) | ||||||||||||||||||||||||||||||||||
Cash dividends declared, $0.25 per common share | — | — | — | (3,694) | — | — | (3,694) | ||||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | 1,190 | — | — | — | 1,190 | ||||||||||||||||||||||||||||||||||
Balance - October 30, 2021 | 39,587 | $ | 396 | $ | 201,370 | $ | 1,008,066 | 25,900 | $ | (904,347) | $ | 305,485 |
39-Weeks Ended October 29, 2022 | |||||||||||||||||||||||||||||||||||||||||
Common Stock | Treasury Stock | ||||||||||||||||||||||||||||||||||||||||
Number of Shares | Amount | Paid-In Capital | Retained Earnings | Number of Shares | Amount | Total Stockholders' Investment | |||||||||||||||||||||||||||||||||||
Balance - January 29, 2022 | 39,611 | $ | 396 | $ | 202,729 | $ | 1,022,317 | 26,318 | $ | (933,927) | $ | 291,515 | |||||||||||||||||||||||||||||
Net income | — | — | — | 89,633 | — | — | 89,633 | ||||||||||||||||||||||||||||||||||
Issuance of shares through the Company's equity plans | 236 | 2 | 1,523 | — | — | — | 1,525 | ||||||||||||||||||||||||||||||||||
Purchase of shares under the stock repurchase program | — | — | — | — | 797 | (38,458) | (38,458) | ||||||||||||||||||||||||||||||||||
Settlement of net share equity awards | — | — | — | — | 46 | (2,081) | (2,081) | ||||||||||||||||||||||||||||||||||
Cash dividends declared, $0.75 per common share | — | — | — | (9,707) | — | — | (9,707) | ||||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | 5,407 | — | — | — | 5,407 | ||||||||||||||||||||||||||||||||||
Balance - October 29, 2022 | 39,848 | $ | 398 | $ | 209,659 | $ | 1,102,243 | 27,161 | $ | (974,466) | $ | 337,834 |
39-Weeks Ended October 30, 2021 | |||||||||||||||||||||||||||||||||||||||||
Common Stock | Treasury Stock | ||||||||||||||||||||||||||||||||||||||||
Number of Shares | Amount | Paid-In Capital | Retained Earnings | Number of Shares | Amount | Total Stockholders' Investment | |||||||||||||||||||||||||||||||||||
Balance - January 30, 2021 | 39,380 | $ | 394 | $ | 194,534 | $ | 858,951 | 22,901 | $ | (662,843) | $ | 391,036 | |||||||||||||||||||||||||||||
Net income | — | — | — | 156,654 | — | — | 156,654 | ||||||||||||||||||||||||||||||||||
Issuance of shares through the Company's equity plans | 207 | 2 | 2,463 | — | — | — | 2,465 | ||||||||||||||||||||||||||||||||||
Purchase of shares under the stock repurchase program | — | — | — | — | 2,954 | (238,327) | (238,327) | ||||||||||||||||||||||||||||||||||
Settlement of net share equity awards | — | — | — | — | 45 | (3,177) | (3,177) | ||||||||||||||||||||||||||||||||||
Cash dividends declared, $0.50 per common share | — | — | — | (7,540) | — | — | (7,540) | ||||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | 4,373 | — | — | — | 4,373 | ||||||||||||||||||||||||||||||||||
Balance - October 30, 2021 | 39,587 | $ | 396 | $ | 201,370 | $ | 1,008,066 | 25,900 | $ | (904,347) | $ | 305,485 |
October 29, 2022 | January 29, 2022 | October 30, 2021 | |||||||||||||||
Land | $ | 7,277 | $ | 7,277 | $ | 7,277 | |||||||||||
Buildings | 22,395 | 22,247 | 22,132 | ||||||||||||||
Equipment | 128,537 | 119,505 | 114,295 | ||||||||||||||
Furniture and fixtures | 66,564 | 59,137 | 47,234 | ||||||||||||||
Leasehold improvements | 162,747 | 137,279 | 127,501 | ||||||||||||||
Construction in progress | 7,579 | 4,086 | 4,518 | ||||||||||||||
Total property and equipment | 395,099 | 349,531 | 322,957 | ||||||||||||||
Less: accumulated depreciation and amortization | 229,903 | 203,564 | 195,242 | ||||||||||||||
Total property and equipment, net | $ | 165,196 | $ | 145,967 | $ | 127,715 |
13-Weeks Ended | 39-Weeks Ended | ||||||||||||||||||||||
October 29, 2022 | October 30, 2021 | October 29, 2022 | October 30, 2021 | ||||||||||||||||||||
Footwear | $ | 294,133 | $ | 231,365 | $ | 818,706 | $ | 824,088 | |||||||||||||||
Apparel | 93,125 | 104,598 | 298,405 | 346,130 | |||||||||||||||||||
Equipment | 45,906 | 45,756 | 132,910 | 137,619 | |||||||||||||||||||
Total | $ | 433,164 | $ | 381,719 | $ | 1,250,021 | $ | 1,307,837 |
13-Weeks Ended | 39-Weeks Ended | |||||||||||||||||||||||||
October 29, 2022 | October 30, 2021 | October 29, 2022 | October 30, 2021 | |||||||||||||||||||||||
Operating lease cost | $ | 19,285 | $ | 16,796 | $ | 56,606 | $ | 47,357 | ||||||||||||||||||
Finance lease cost: | ||||||||||||||||||||||||||
Amortization of assets | 235 | 224 | 716 | 638 | ||||||||||||||||||||||
Interest on lease liabilities | 27 | 30 | 84 | 109 | ||||||||||||||||||||||
Variable lease cost | 4,771 | 4,264 | 13,536 | 15,186 | ||||||||||||||||||||||
$ | 24,318 | $ | 21,314 | $ | 70,942 | $ | 63,290 |
39-Weeks Ended | |||||||||||
October 29, 2022 | October 30, 2021 | ||||||||||
ROU assets obtained in exchange for lease obligations, net: | |||||||||||
Operating leases | $ | 73,797 | $ | 63,827 | |||||||
Finance leases | $ | 571 | $ | (452) |
October 29, 2022 | January 29, 2022 | October 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Level | Level | Level | |||||||||||||||||||||||||||||||||||||||||||||||||||
I | II | III | I | II | III | I | II | III | |||||||||||||||||||||||||||||||||||||||||||||
Short-term investments | $ | 34 | $ | — | $ | — | $ | 129 | $ | — | $ | — | $ | 129 | $ | — | $ | — | |||||||||||||||||||||||||||||||||||
Long-term investments | 1,757 | — | — | 2,352 | — | — | 2,265 | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Total investments | $ | 1,791 | $ | — | $ | — | $ | 2,481 | $ | — | $ | — | $ | 2,394 | $ | — | $ | — |
October 29, 2022 | January 29, 2022 | October 30, 2021 | |||||||||||||||||||||||||||
13-Weeks Ended | 39-Weeks Ended | 52-Weeks Ended | 13-Weeks Ended | 39-Weeks Ended | |||||||||||||||||||||||||
Number of days borrowings incurred | 91 | 236 | 21 | None | None | ||||||||||||||||||||||||
Average borrowing | $50.6 | $39.3 | $2.0 | $— | $— | ||||||||||||||||||||||||
Maximum borrowing | $94.8 | $110.0 | $18.7 | $— | $— | ||||||||||||||||||||||||
Average interest rate | 3.57% | 2.54% | 1.35% | —% | —% |
13-Weeks Ended | 39-Weeks Ended | ||||||||||||||||||||||
October 29, 2022 | October 30, 2021 | October 29, 2022 | October 30, 2021 | ||||||||||||||||||||
Stock-based compensation expense by type: | |||||||||||||||||||||||
Stock options | $ | — | $ | — | $ | 155 | $ | 174 | |||||||||||||||
Restricted stock units | 1,269 | 1,126 | 4,881 | 4,005 | |||||||||||||||||||
Employee stock purchases | 69 | 47 | 304 | 156 | |||||||||||||||||||
Director deferred compensation | 26 | 17 | 67 | 38 | |||||||||||||||||||
Total stock-based compensation expense | 1,364 | 1,190 | 5,407 | 4,373 | |||||||||||||||||||
Income tax benefit recognized | 321 | 284 | 1,247 | 1,047 | |||||||||||||||||||
Stock-based compensation expense, net of income tax | $ | 1,043 | $ | 906 | $ | 4,160 | $ | 3,326 |
13-Weeks Ended | 39-Weeks Ended | ||||||||||||||||||||||
October 29, 2022 | October 30, 2021 | October 29, 2022 | October 30, 2021 | ||||||||||||||||||||
Stock options | — | — | 7,212 | 4,384 | |||||||||||||||||||
Restricted stock unit awards | 1,469 | — | 110,990 | 62,031 | |||||||||||||||||||
Performance-based restricted stock unit awards | — | — | 49,978 | 22,492 | |||||||||||||||||||
Deferred stock units | 510 | 228 | 1,447 | 486 |
13-Weeks Ended | 39-Weeks Ended | ||||||||||||||||||||||
October 29, 2022 | October 30, 2021 | October 29, 2022 | October 30, 2021 | ||||||||||||||||||||
Shares purchased | 6,408 | 2,495 | 28,033 | 12,003 | |||||||||||||||||||
Average price per share | $ | 38.11 | $ | 65.11 | $ | 49.30 | $ | 47.95 | |||||||||||||||
Weighted-average fair value at grant date | $ | 11.41 | $ | 22.22 | $ | 14.58 | $ | 13.68 |
13-Weeks Ended | 39-Weeks Ended | ||||||||||||||||||||||
October 29, 2022 | October 30, 2021 | October 29, 2022 | October 30, 2021 | ||||||||||||||||||||
Weighted-average shares used in basic computations | 12,837 | 14,362 | 13,004 | 15,460 | |||||||||||||||||||
Dilutive equity awards | 365 | 613 | 354 | 622 | |||||||||||||||||||
Weighted-average shares used in diluted computations | 13,202 | 14,975 | 13,358 | 16,082 |
13-Weeks Ended | 39-Weeks Ended | ||||||||||||||||||||||
October 29, 2022 | October 30, 2021 | October 29, 2022 | October 30, 2021 | ||||||||||||||||||||
Common stock repurchased under the Repurchase Program | 160,637 | 1,427,314 | 797,033 | 2,953,860 | |||||||||||||||||||
Aggregate cost of repurchases under the Repurchase Program | $ | 9,049 | $ | 117,850 | $ | 38,458 | $ | 238,327 | |||||||||||||||
Shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements | 208 | — | 46,201 | 45,245 | |||||||||||||||||||
Tax withholding requirement from holders of restricted stock unit awards | $ | 12 | $ | — | $ | 2,081 | $ | 3,177 |
Location | ||||||||||||||
Brand | Average Square Footage | Strip Center(1) | Mall | Total | ||||||||||
Hibbett | 5,800 | 745 | 180 | 925 | ||||||||||
City Gear | 5,200 | 148 | 37 | 185 | ||||||||||
Sports Additions(2) | 2,900 | 3 | 13 | 16 | ||||||||||
October 29, 2022 | October 30, 2021 | ||||||||||
13-weeks ended | 1,074 | 1,047 | |||||||||
39-weeks ended | 1,057 | 1,035 |
13-Weeks Ended | 39-Weeks Ended | ||||||||||||||||||||||
October 29, 2022 | October 30, 2021 | October 29, 2022 | October 30, 2021 | ||||||||||||||||||||
Statements of Operations | |||||||||||||||||||||||
Net sales increase (decrease) | 13.5 | % | 15.2 | % | (4.4) | % | 25.4 | % | |||||||||||||||
Comparable store sales increase (decrease) | 9.9 | % | 13.0 | % | (7.4) | % | 24.1 | % | |||||||||||||||
Balance Sheets | |||||||||||||||||||||||
Ending cash and cash equivalents (in thousands) | $ | 25,114 | $ | 29,749 | |||||||||||||||||||
Average inventory per store | $ | 359,520 | $ | 238,342 | |||||||||||||||||||
Store Information | |||||||||||||||||||||||
Beginning of period | 1,117 | 1,080 | 1,096 | 1,067 | |||||||||||||||||||
New stores opened | 11 | 7 | 33 | 24 | |||||||||||||||||||
Rebranded stores | — | — | 1 | — | |||||||||||||||||||
Stores closed | (2) | (1) | (4) | (5) | |||||||||||||||||||
End of period | 1,126 | 1,086 | 1,126 | 1,086 | |||||||||||||||||||
Estimated square footage at end of period (in thousands) | 6,376 | 6,131 | |||||||||||||||||||||
Share Repurchase Information | |||||||||||||||||||||||
Shares purchased under our Repurchase Program | 160,637 | 1,427,314 | 797,033 | 2,953,860 | |||||||||||||||||||
Cost (in thousands) | $ | 9,049 | $ | 117,850 | $ | 38,458 | $ | 238,327 | |||||||||||||||
Settlement of net share equity awards | 208 | — | 46,201 | 45,245 | |||||||||||||||||||
Cost (in thousands) | $ | 12 | $ | — | $ | 2,081 | $ | 3,177 |
39-Weeks Ended | |||||||||||
October 29, 2022 | October 30, 2021 | ||||||||||
Net cash provided by operating activities | $ | 52,400 | $ | 111,988 | |||||||
Net cash used in investing activities | (46,525) | (42,981) | |||||||||
Net cash provided by (used in) financing activities | 2,185 | (248,548) | |||||||||
Net increase (decrease) in cash and cash equivalents | $ | 8,060 | $ | (179,541) |
Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Programs(1) | Approximate Dollar Value of Shares That May Yet be Purchased Under the Programs (in thousands) | ||||||||||||||||||||||
July 31, 2022 - August 27, 2022 | — | $ | — | — | $ | 339,111 | ||||||||||||||||||||
August 28, 2022 - October 1, 2022 | 115,163 | $ | 56.87 | 115,163 | $ | 332,562 | ||||||||||||||||||||
October 2, 2022 - October 29, 2022 | 45,682 | $ | 54.98 | 45,474 | $ | 330,062 | ||||||||||||||||||||
Total | 160,845 | $ | 56.33 | 160,637 | $ | 330,062 |
Exhibit No. | Description | |||||||
Certificate of Incorporation and By-Laws | ||||||||
Certificate of Incorporation of the Registrant; incorporated herein by reference to Exhibit 3.1 of the Registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 31, 2012. | ||||||||
Certificate of Amendment to the Certificate of Incorporation of the Registrant; incorporated herein by reference to Exhibit 3.1 of the Registrant’s Form Current Report on Form 8-K filed with the Securities and Exchange Commission on June 24, 2021. | ||||||||
Certificate of Amendment to the Certificate of Incorporation of the Registrant; incorporated herein by reference to Exhibit 3.1 of the Registrant's Form Current Report on Form 8-K with the Securities and Exchange Commission on May 27, 2022. | ||||||||
Form of Stock Certificate | ||||||||
Form of Common Stock Certificate; incorporated herein by reference to Exhibit 4.1 of the Registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 24, 2021 | ||||||||
Material Agreements | ||||||||
None. | ||||||||
Certifications | ||||||||
* | Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer | |||||||
* | Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer | |||||||
** | Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | |||||||
Interactive Data Files | ||||||||
101.INS | * | Inline XBRL Instance Document | ||||||
101.SCH | * | Inline XBRL Taxonomy Extension Schema Document | ||||||
101.CAL | * | Inline XBRL Taxonomy Extension Calculation Linkbase Document | ||||||
101.DEF | * | Inline XBRL Taxonomy Extension Definition Linkbase Document | ||||||
101.LAB | * | Inline XBRL Taxonomy Extension Label Linkbase Document | ||||||
101.PRE | * | Inline XBRL Taxonomy Extension Presentation Linkbase Document | ||||||
104 | * | The cover page for the Registrant's Quarterly Report on Form 10-Q for the quarter ended October 29, 2022, has been formatted in Inline XBRL. | ||||||
* | Filed Within | |||||||
** | Furnished Herewith |
HIBBETT, INC. | |||||||||||
Date: | December 6, 2022 | By: | /s/ Robert Volke | ||||||||
Robert Volke | |||||||||||
Senior Vice President and Chief Financial Officer | |||||||||||
(Principal Financial and Accounting Officer) |
Date: December 6, 2022 | /s/ Michael E. Longo | ||||
Michael E. Longo | |||||
Chief Executive Officer and President | |||||
(Principal Executive Officer) |
Date: December 6, 2022 | /s/ Robert Volke | ||||
Robert Volke | |||||
Senior Vice President and Chief Financial Officer | |||||
(Principal Financial Officer) |
Date: December 6, 2022 | /s/ Michael E. Longo | ||||
Michael E. Longo | |||||
Chief Executive Officer and President | |||||
(Principal Executive Officer) |
Date: December 6, 2022 | /s/ Robert Volke | ||||
Robert Volke | |||||
Senior Vice President and Chief Financial Officer | |||||
(Principal Financial and Accounting Officer) |