Hibbett Sports 2010 Annual Report Download - page 8

4
A warning about Forward-Looking Statements
This document contains “forward-looking statements” as that term is used in the Private Securities Litigation
Reform Act of 1995. Forward-looking statements address future events, developments and results. They include
statements preceded by, followed by or including words such as “believe,” “anticipate,” “expect,” “intend,” “plan,”
“target” or “estimate.” For example, our forward-looking statements include statements regarding:
 our anticipated sales, including comparable store net sales changes, net sales growth and earnings;
 our growth, including our plans to add, expand or relocate stores and square footage growth, our markets’ ability
to support such growth and the suitability of our distribution facility;
 the cost of regulatory compliance, including those directed at climate change and its effects and the costs and
possible outcomes of pending legal actions and other contingencies;
 our cash needs, including our ability to fund our future capital expenditures and working capital requirements;
 our ability and plans to renew or increase our revolving credit facilities;
 our seasonal sales patterns and assumptions concerning customer buying behavior;
 our expectations regarding competition;
 our ability to renew or replace store leases satisfactorily;
 our estimates and assumptions as they relate to preferable tax and financial accounting methods, accruals,
inventory valuations, dividends, carrying amount and liquidity of financial instruments and fair value of options
and other stock-based compensation as well as our estimates of economic and useful lives of depreciable assets
and leases;
 our expectations concerning future stock-based award types;
 our expectations concerning employee stock option exercise behavior;
 the possible effect of inflation, market decline and other economic changes on our costs and profitability,
including the impact of changes in fuel costs and a downturn in the retail industry or changes in levels of store
traffic;
 the possible effects of continued volatility and further deterioration of the capital markets, the commercial and
consumer credit environment and the continuation of lowered levels of consumer spending resulting from the
global economic downturn, lowered levels of consumer confidence and higher levels of unemployment;
 our analyses of trends as related to earnings performance;
 our target market presence and its expected impact on our sales growth;
 our expectations concerning vendor level purchases and related discounts;
 our estimates and assumptions related to income tax liabilities and uncertain tax positions;
 the future reliability of, and cost associated with, our sources of supply, particularly imported goods; and
 the possible effect of recent accounting pronouncements.
You should assume that the information appearing in this report is accurate only as of the date it was issued.
Our business, financial condition, results of operations and prospects may have changed since that date.
For a discussion of the risks, uncertainties and assumptions that could affect our future events, developments
or results, you should carefully review the “Risk Factors” described beginning on page 9, as well as “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” beginning on page 19.
Our forward-looking statements could be wrong in light of these risks, uncertainties and assumptions. The
future events, developments or results described in this report could turn out to be materially different. We have no
obligation to publicly update or revise our forward-looking statements after the date of this annual report and you
should not expect us to do so.
Investors should also be aware that while we do, from time to time, communicate with securities analysts and
others, we do not, by policy, selectively disclose to them any material non-public information with any statement or
report issued by any analyst regardless of the content of the statement or report. We do not, by policy, confirm
forecasts or projections issued by others. Thus, to the extent that reports issued by securities analysts contain any
projections, forecasts or opinions, such reports are not our responsibility.
Introductory Note
Unless specifically indicated otherwise, any reference to “2011” or “Fiscal 2011” relates to our year ending
January 29, 2011. Any reference to “2010” or “Fiscal 2010” relates to our year ended January 30, 2010. Any
reference to “2009” or “Fiscal 2009” relates to our year ended January 31, 2009. Any reference to “2008” or “Fiscal
2008” relates to our year ended February 2, 2008.