hibbett inc’s stock hibb fell 5 premarket friday after the sporting goods retailer posted weakerthanexpected fiscal firstquarter earnings and cut its fullyear guidance as its customer continues to grapple with inflation “our consumers are facing a number of headwinds that range from inflation to concerns over outright job loss ” chief executive mike longo said in a statement “of note the total amount of the average tax refund was unfavorable to last year by approximately 10 we believe this disproportionately impacted our consumer and impacted our sales in the important first quarter of the year” the company also had high levels of inventory that required an elevated level of promotional activity he said birmingham alabamabased hibbett had net income of 359 million or 274 a share for the quarter to april 29 down from 393 million or 289 a share in the yearearlier period sales rose 74 to 4555 million from 4241 million the factset consensus was for eps of 300 and sales of 4600 million samestore sales rose 41 also below the factset consensus of a rise of 48 the company is now expecting fullyear eps to range from 700 to 755 compared with prior guidance of 950 to 1000 it expects sales to be flat to up 2 versus prior guidance of up in midsingle digits the stock has fallen 35 in the year to date while the sp 500 spx has gained 8