This compared to adjusted earnings of $0.31 per share reported in the same quarter last year. Net sales of $506.9 million exceeded the consensus estimate of $412.9 billion. Net sales growth of 87.8% on a year-over-year basis was mainly driven by new customer acquisition and retention, government stimulus, and better demand leading to improved traffic and higher revenue per transaction during the quarter. (See Hibbett Sports stock analysis on TipRanks) The company reported a gross margin of 41.4% compared to 27.5% a year ago.