Hibbett Sports 2012 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 net 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 analysis of our risk factors and their possible effect on financial results;
 our ability and plans to renew 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, long-lived assets, store closures, 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, and ability to
secure suitable locations for new stores;
 the possible effects of continued volatility and further deterioration of the capital markets, the commercial credit
environment and the 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 net sales growth;
 our expectations concerning vendor level purchases and related discounts;
 our estimates and assumptions related to income tax liabilities, deferred taxes and uncertain tax positions;
 the future reliability of, and cost associated with, our sources of supply, particularly imported goods;
 the loss of key vendor support; and
 our ability to mitigate the risk of possible business interruptions.
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 10, as well as “Management’s Discussion and Analysis of Financial Condition and Results of
Operations” beginning on page 21.
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 “2013” or “Fiscal 2013” relates to our year ending February 2,
2013, which is a 53-week period. Any reference to “2012” or “Fiscal 2012” relates to our year ended January 28, 2012, which
was a 52-week period. Any reference to “2011” or “Fiscal 2011” relates to our year ended January 29, 2011, which was a 52-
week period. Any reference to “2010” or “Fiscal 2010” relates to our year ended January 30, 2010, which was a 52-week period.
References to “we”, “our”, “us” and the “Company” used throughout this document refer to Hibbett Sports, Inc. and its
subsidiaries as well as its predecessors.