Hibbett, Inc. Provided earnings guidance for the first half and full year 2023. It is anticipated that comparable sales will be in the negative low-teen range in the first half of the year with an expectation of positive high-single digit comp sales in the second half of the year. Sales forecasts are based on assumptions that as the year progresses, supply chain disruptions moderate, the timing of inventory receipts becomes more consistent and predictable, and company's overall inventory position remains strong.

For the year, the company expects total net sales are expected to be relatively flat in dollars compared to company's Fiscal 2022 results. This implies comparable sales are expected to be in the negative low-single digits for the full year. Brick and mortar comparable sales are expected to be in the negative low-single digit range while e-commerce revenue is anticipated to be in the positive mid-single digit range. Net new store growth is expected to be in the range of 30 to 40 stores with units spread relatively evenly throughout the year. Operating income is expected to be in the low double-digit range as a percentage of sales, also 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 24.5% and an estimated weighted average diluted share count of 13.5 million.