Exhibit 99.1

HIBBETT REPORTS SECOND QUARTER FISCAL 2018 RESULTS

·	Second Quarter Loss of $0.15 Per Share

·	Comparable Store Sales Decrease 11.7% in Second Quarter

·	E-commerce Sales Off to Strong Start

·	Updates Fiscal 2018 Outlook

BIRMINGHAM, Ala. (August 18, 2017) – Hibbett Sports, Inc. (NASDAQ/GS: HIBB), an athletic specialty retailer, today announced results for the second quarter ended July 29, 2017.

Second Quarter Results

Net sales for the 13-week period ended July 29, 2017, decreased 9.2% to $188.0 million compared with $206.9 million for the 13-week period ended July 30, 2016.  Comparable store sales decreased 11.7%.

Gross margin was 28.9% of net sales for the 13-week period ended July 29, 2017, compared with 33.0% for the 13-week period ended July 30, 2016.  The decrease was mainly due to promotions and markdowns taken to liquidate excess and aged inventory, and de-leverage of logistics and store occupancy expenses associated with lower comparable store sales.

Store operating, selling and administrative expenses were 28.5% of net sales for the 13-week period ended July 29, 2017, compared with 25.9% of net sales for the 13-week period ended July 30, 2016.  Although these expenses were higher as a percentage of net sales, dollars were flat compared with the same period last year.

Net loss for the 13-week period ended July 29, 2017, was $3.2 million compared with net income of $6.5 million for the 13-week period ended July 30, 2016.  Loss per share was $0.15 for the 13-week period ended July 29, 2017, compared with earnings per diluted share of $0.29 for the 13-week period ended July 30, 2016.

Jeff Rosenthal, President and Chief Executive Officer, stated, "We experienced a very difficult retail environment in the quarter, with a significant decline in transactions and resulting pressure on gross margin.  Expenses were well controlled, while maintaining proper staffing and customer service levels in our stores.  Looking forward, we expect the external environment to remain challenging, although we are encouraged with the progress we are making on our internal initiatives, most notably our new e-commerce website.  Our early e-commerce sales have exceeded expectations and user feedback has been very positive.  We will continue our efforts to grow our online business aggressively in the future, while continuing to improve our stores to provide a great overall customer experience."

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For the quarter, Hibbett opened six new stores, expanded four high performing stores and closed eight underperforming stores, bringing the store base to 1,080 in 35 states as of July 29, 2017.

Fiscal Year to Date Results

Net sales for the 26-week period ended July 29, 2017, decreased 5.2% to $463.6 million compared with $489.0 million for the 26-week period ended July 30, 2016.  Comparable store sales decreased 7.7%.

Gross margin was 32.9% of net sales for the 26-week period ended July 29, 2017, compared with 35.4% for the 26-week period ended July 30, 2016.

Store operating, selling and administrative expenses were 24.1% of net sales for the 26-week period ended July 29, 2017, compared with 22.4% of net sales for the 26-week period ended July 30, 2016.

Net income for the 26-week period ended July 29, 2017, was $17.7 million compared with $34.4 million for the 26-week period ended July 30, 2016.  Earnings per diluted share was $0.84 for the 26-week period ended July 29, 2017, compared with $1.52 for the 26-week period ended July 30, 2016.

Liquidity and Stock Repurchases

Hibbett ended the second quarter of Fiscal 2018 with $52.8 million of available cash and cash equivalents on the consolidated balance sheet, no bank debt outstanding and full availability under its $80.0 million unsecured credit facilities.

During the second quarter, the Company repurchased 282,609 shares of common stock for a total expenditure of $6.9 million.  Approximately $229.3 million of the total authorization remained for future stock repurchases as of July 29, 2017.

Fiscal 2018 Outlook

The Company is updating its guidance for Fiscal 2018 based on the following assumptions:

·	Continued soft sales for the remainder of the year due to a challenging retail environment.

·	A growing contribution of e-commerce sales, especially during the holiday season.

·	Gross margin pressure due to the promotional environment in our industry, the ramp-up of our e-commerce sales, and markdowns needed to reduce aged inventory.

·	Continued tight expense controls while maintaining adequate store staffing levels.

Based on these assumptions, the Company is updating its guidance with the following changes:

·	Earnings per diluted share in the range of $1.25 to $1.35, which compares with previous guidance of $2.35 to $2.55.

·	Comparable store sales in the negative mid to high single-digit range, which compares with previous guidance in the range of negative 1.0% to positive 1.0%.

·	A reduction in gross margin rate of 250 to 285 basis points, which compares with previous guidance of a reduction in gross margin rate of 55 to 75 basis points compared with Fiscal 2017.

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Investor Conference Call and Simulcast

Hibbett Sports, Inc. will conduct a conference call at 10:00 a.m. ET on Friday, August 18, 2017, to discuss second quarter Fiscal 2018 results.  The number to call for the live interactive teleconference is (212) 231-2912.  A replay of the conference call will be available until August 25, 2017, by dialing (402) 977-9140 and entering the passcode, 21856221.

The Company will also provide an online Web simulcast and rebroadcast of its second quarter Fiscal 2018 conference call.  The live broadcast of Hibbett's quarterly conference call will be available online at www.hibbett.com under Investor Relations on August 18, 2017, beginning at 10:00 a.m. ET.  The online replay will follow shortly after the call and be available for replay for 30 days.

A WARNING ABOUT FORWARD LOOKING STATEMENTS:  Certain matters discussed in this press release are "forward looking statements" as that term is used in the Private Securities Litigation Reform Act of 1995.  Forward looking statements address future events, developments or results and typically use words such as believe, anticipate, expect, intend, plan, forecast, guidance, outlook, or estimate.  For example, our forward looking statements include statements regarding earnings per diluted share, comparable store sales, product gross margin rates, the future retail environment, growth in our e-commerce business, implementation of store improvement initiatives, staffing and expense levels, and markdowns of inventory.  Such statements are subject to risks and uncertainties that could cause actual results to differ materially, including economic conditions, industry trends, merchandise trends, vendor relationships, customer demand, and competition.  For a discussion of these factors, as well as others which could affect our business, you should carefully review our Annual Report and other reports filed from time to time with the Securities and Exchange Commission, including the "Risk Factors," "Business" and "MD&A" sections in our Annual Report on Form 10-K filed on March 28, 2017, and in our Quarterly Report on Form 10-Q filed on June 2, 2017. In light of these risks and uncertainties, the future events, developments or results described by our forward looking statements in this document could be materially and adversely different from those we discuss or imply.  We are not obligated to release publicly any revisions to any forward looking statements contained in this press release to reflect events or circumstances occurring after the date of this report and you should not expect us to do so.

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-END OF EXHIBIT 99.1-