Hibbett Inc's Business Segments
Hibbett Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Hibbett Inc does not report a distinct business-segment axis in its filings - its disaggregated revenue is disclosed by product and service category instead. See the Product & Service breakdown below.
Revenue by Product & Service Category - FY
- Footwear72.6%
- Apparel15.6%
- Sports Equipment12.1%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Footwear | $ 324 | 72.6% |
| Apparel | $ 70 | 15.6% |
| Sports Equipment | $ 54 | 12.1% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Hibbett Inc
Hibbett Inc offers athletic footwear, apparels, and equipment from some of the best brands in the industry, including Nike, Under Armour, Adidas, and Jordan. The company offers a broad range of sportswear for men, women, and kids across all ages, including basketball shoes, running shoes, football cleats, and track suits.
Hibbett Inc prides itself on being a customer-focused business that offers not only quality products but also outstanding customer service. Hibbett stores are typically found in community strip centers or small local malls, immersing customers in a friendly and welcoming atmosphere with employees who share their passion for sports.
Consequently, this has been the foundation of a loyal customer base, and the company continues to develop its customer service initiatives as part of its core mission. Hibbett's expansion and growth have been further backed by its lucrative ecommerce platform, which provides customers with 24-hour access to an extensive range of sporting products.
In summary, Hibbett Inc is a leading American retailer in the sporting goods industry, with over 1,000 physical locations and an efficient online platform. The company provides high-quality athletic products and services to small to mid-sized communities, along with unparalleled customer service.
Segments:
Athletic Clothing and Accessories:
Hibbett Inc specializes in athletic clothing and accessories, providing apparel for men, women, and children. The company manufactures and sells high-performance workout clothes, sports bras, running shorts, t-shirts, and tanks, leggings, and athletic capris. The company also sells athletic accessories such as hats, socks, athletic bags, and sunglasses.
Sneakers and Athletic Footwear:
Customers across the US visit Hibbett Inc stores to buy sports shoes and sneakers suitable for various athletic activities. The store specializes in men and women's basketball shoes, football cleats, running shoes, cross-fit shoes, and sneakers, to mention but a few.
Outdoor Sporting Goods:
Hibbett Inc's outdoor segment offers a wide range of sporting equipment for outdoor enthusiasts. Customers can find an array of products, including headlamps, inflatable boats, camping tents, backpacks, coolers, and fishing rods, among others. The company also sells sports equipment suited for outdoor activities such as volleyball, swimming, and biking.
Products:
As the leading sports retailer in the US, Hibbett Inc constantly updates its products to meet customer needs. Some of the products offered by the company include:
High-Performance Athletic Wear:
Hibbett Inc's athletic wear is designed to enhance customer's performance and comfort. The company owners and manufactures compression wear, athletic shorts, leggings, sports bras, athletic shirts, and jackets, among others.
Sneakers and Athletic Footwear:
The company deals in high-quality, durable sneakers and athletic footwear suitable for various sporting activities. Customers can find shoes for almost any sport, including basketball, running, football, tennis, and cross-fit.
Outdoor Sporting Equipment:
Hibbett Inc's outdoor segment provides customers with all the equipment needed for outdoor sporting activities. This includes camping equipment, hiking boots, inflatable boats, fishing rods, coolers, and backpacks.
Services:
Hibbett Inc goes above and beyond customer expectations by offering additional services to its clients. Some of the services provided by the company include:
Pay Online and Pick up in Store:
Hibbett Inc's customers can choose the 'buy online and pick up in store' option, whereby they can pay for their products online and collect them from their preferred store.
Expert Customer Service:
The company's staff are highly trained to offer expert advice on sports equipment, athletic wear and footwear, and more. They can provide recommendations based on customer requirements and make sound suggestions to help customers make informed purchases.
Rewards Program:
Customers can enroll in the company's rewards program where they earn points for every purchase made at Hibbett Inc stores. They can redeem their points for discounts and other rewards on future purchases.
In conclusion, Hibbett Inc is one of the largest and most successful sports retailers in the US. The company offers a diverse range of products, including athletic wear, sneakers, outdoor equipment and accessories, catering to customers' sporting needs. With excellent customer service and additional services such as the rewards program and the buy online and pick up in-store option, Hibbett Inc's customers are sure to have a delightful shopping experience.
