| Ticker: | HIBB | 451 Industrial Lane | |
| Exchange: | NASDAQ-National Market | Birmingham, Alabama 35211 | |
| Industry: | Retail | (205) 942-4292 |
| Type of Shares: | Common Shares | Filing Date: | 6/27/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 10/10/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.12 | |
| Offering Amount: | $30,000,000 | Selling: | $0.67 | |
| Expenses: | $1,000,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,834,261 | |||
| Spin out parent firm: | SKM Partners, L.P. | |||
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (718) 921-8473 |
| Montgomery Securities | Co-manager | (415) 627-2220 |
| Robinson-Humphrey Company, Inc., The | Co-manager | (404) 266-6000 |
| Auditor: Arthur Andersen | |||||
| 6 Month Ending Financials | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 2/3/96 | 8/3/96 | 7/29/95 | 8/3/96 | ||
| Revenue: | $67.08 | $39.02 | $29.34 | Assets: | $40.41 |
| Net Income: | $2.44 | $0.83 | $1.31 | Liabilities: | $47.68 |
| EPS: | $0.42 | $0.21 | $0.20 | Equity: | -$7.27 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading rapidly-growing operator of full-line sporting good stores in small to mid-sized markets in the southeastern United States. The company's stores offer a broad assortment of quality athletic footwear, apparel and equipment at competitive prices with superior customer service. The company's stores offer a core selection of brand name merchandise with an emphasis on a team and individual sports complemented by a selection of localized apparel and accessories designed to appeal to a wide range of customers within each market. The company's stores are among the primary retail distribution alternatives for brand name vendors that seek the Nike Retailer Excellence Award for the Southeast region for eight consecutive years based on its performance in the full-line sporting goods category. The company currently operates 60 Hibbett Sports stores as well as eight smaller-format Sports Additions athletic shoe stores and three larger-format Sports & Co. superstores. |
| Use of Proceeds |
| The proceeds from the offering will be used to redeem its subordinated notes, to repay debt and for general corporate purposes. |
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