Hibbett, Inc. (NASDAQ:HIBB) Q3 2024 Earnings Call Transcript

Bob Volke: Yeah. The end of the year share count is approximately 12.6 million diluted shares.

Sam Poser: I understand. But Q4 is going to be significantly lower than that. Is that like 11.9 million, is that, I mean, that’s to get you to just under 12.6 million, is that…

Bob Volke: Yeah. We don’t…

Sam Poser: I mean, that’s…

Bob Volke: We don’t give the specific guidance for the quarter. Just you can do the math on the difference.

Sam Poser: Thank you. And then on the loyalty.

Mike Longo: Yeah. Loyalty we saw growth in total active members that have anyone who has purchased within the last 12 months’ year-to-year. So we are continuing to see good growth there. Loyalty is over 60% net sales and as far as the break down, most of the growth in loyalty and a quarter it was driven by existing members shopping. When we look at new customers that number was slightly down, but the sales from new customers was actually up and that’s because of an increase in average ticket.

Sam Poser: Thank you very much and happy holidays again.

Mike Longo: Thank you.

Jared Briskin: Thanks, Sam. Thank you.

Operator: Thank you. Ladies and gentlemen, that does conclude our question-and-answer session. I’d like to pass the floor back over to management for any additional closing remarks.

Mike Longo: Well, thank you so much for your time and attention today. We appreciate it. We are pretty proud of the quarter, more to come and look going into this holiday season, I will leave you with the message, you don’t have enough sneakers or denim yet. So we will see you, your family and friends out in the stores this holiday season. Thank you.

Operator: Ladies and gentlemen, this does conclude today’s teleconference. We thank you for your participation and you may disconnect your lines at this time.