The company’s revenue has increased but it is in losses for past many quarters as the operating expenses are also increasing which is not good for the company.
The coronavirus pandemic has affected the Oil industry and has affected the revenues companies involved in its business leading to increase in its liabilities and reduction in their workforce.
The first quarterly results of Hibbett showed a increase in e- commerce sales and the company has managed the pandemic situation effectively with respect to retail sales and inventory management.
