SAFE HARBOR LANGUAGESAFE HARBOR LANGUAGE

In order for us to take advantage of safe harbor rules, I would like to remind you that any projections or statements made today reflect our current views with respect to future events and our financial performance. There is no assurance that such events will occur or that any projections will be achieved. Our actual results could differ materially from any projections due to various risk factors, which are described from time to time in our periodic reports with the SEC.

In order for us to take advantage of safe harbor rules, I would like to remind you that any projections or statements made today reflect our current views with respect to future events and our financial performance. There is no assurance that such events will occur or that any projections will be achieved. Our actual results could differ materially from any projections due to various risk factors, which are described from time to time in our periodic reports with the SEC.

WHY INVEST IN HIBBETT?WHY INVEST IN HIBBETT?

Smaller market focus creates competitive advantagesSmaller market focus creates competitive advantages

Attractive store modelAttractive store model

Significant untapped market potentialSignificant untapped market potential

Track record of sales and earnings growthTrack record of sales and earnings growth

SERVING SMALL TO MID-SIZE MARKETSSERVING SMALL TO MID-SIZE MARKETS

634 stores in 23 states as of August 4, 2007

Target markets of 30,000 –100,000 in population

HIBBETT SPORTS IS NEEDEDHIBBETT SPORTS IS NEEDED

CustomersCustomers CommunityCommunity

VendorsVendors LandlordsLandlords

STRATEGIC POSITIONINGSTRATEGIC POSITIONINGNationalNationalFootwearFootwear

ChainsChains

NationalNationalFootwearFootwear

ChainsChains

LocalLocalFull-LineFull-Line

IndependentsIndependents

LocalLocalFull-LineFull-Line

IndependentsIndependents

Extensive selection of local andExtensive selection of local andregional merchandiseregional merchandiseExtensive selection of local andExtensive selection of local andregional merchandiseregional merchandise

Strong local advertising programStrong local advertising programStrong local advertising programStrong local advertising program

Broad branded product offeringBroad branded product offeringBroad branded product offeringBroad branded product offering

Sophisticated systemsSophisticated systemsSophisticated systemsSophisticated systems

Small market focusSmall market focusSmall market focusSmall market focus

Team sports emphasisTeam sports emphasisTeam sports emphasisTeam sports emphasis

Customer serviceCustomer serviceCustomer serviceCustomer service

MERCHANDISING STRATEGYMERCHANDISING STRATEGY

Broad assortment of quality athletic Broad assortment of quality athletic equipment, footwear and apparelequipment, footwear and apparel

Brand namesBrand names

Emphasis on team sportsEmphasis on team sports

Local and regional productsLocal and regional products

FOOTWEAR FULL SERVICEFOOTWEAR FULL SERVICE

TEAM SPORTS – FULL SERVICETEAM SPORTS – FULL SERVICE

TRAININGTRAINING

PRODUCT KNOWLEDGEPRODUCT KNOWLEDGE

COMPETITIVE STRENGTHSCOMPETITIVE STRENGTHS

Consistent strategy for 30+ yearsConsistent strategy for 30+ years

Small market “know how”Small market “know how”

Geographically concentrated store baseGeographically concentrated store base

Product mixProduct mix

Strong information systemsStrong information systems

Experienced management teamExperienced management team

WHY INVEST IN HIBBETT?WHY INVEST IN HIBBETT?

Smaller market focus creates competitive advantagesSmaller market focus creates competitive advantages

Significant untapped market potentialSignificant untapped market potential

Track record of sales and earnings growthTrack record of sales and earnings growth

Attractive store modelAttractive store model

HIBBETT STORE MODEL – 5,000 SQ.FT. PROTOTYPEHIBBETT STORE MODEL – 5,000 SQ.FT. PROTOTYPE

($ in thousands)($ in thousands)

(1) Net of trade payables. Net of landlord allowance.(2) Includes pre-opening expenses and depreciation.

Initial Investment (1)

Sales % growth

Store Contribution (2)

Contribution Margin

Return on Investment

Initial Investment (1)

Sales % growth

Store Contribution (2)

Contribution Margin

Return on Investment

$181

$681

$79 11.6%

43.6%

$181

$681

$79 11.6%

43.6%

Year1Year1

$7215.9%

$122 16.9%

67.4%

$7215.9%

$122 16.9%

67.4%

Year2Year2

Strip Center StoresStrip Center Stores

FOCUS ON LOW COST OPERATIONSFOCUS ON LOW COST OPERATIONS

Highest operating margins in sporting goods industryHighest operating margins in sporting goods industry

Geographically concentrated store base - Distribution efficiencies - Regional management efficiencies

Geographically concentrated store base - Distribution efficiencies - Regional management efficiencies

Tight expense controls - Store-level operating expenses - Real estate costs - Corporate overhead

Tight expense controls - Store-level operating expenses - Real estate costs - Corporate overhead

WHY INVEST IN HIBBETT?WHY INVEST IN HIBBETT?

Smaller market focus creates competitive advantagesSmaller market focus creates competitive advantages

Attractive store modelAttractive store model

Track record of sales and earnings growthTrack record of sales and earnings growth

Significant untapped market potentialSignificant untapped market potential

GROWTH OPPORTUNITIESGROWTH OPPORTUNITIES634 stores in 23 states as of August 4, 2007

Over 400 potential markets identified for future expansion

17

22

18

10 1164

37 64 5925

12

2

2

51

5

15

25

21

31

28

1416

11

30

46

4876

27

27

43

112 43

5

803

STATE POPULATIONS - SUNBELTSTATE POPULATIONS - SUNBELTSTATE 1990 2005 DIFFERENCE % DIFFERENCE

Alabama 4,040.6 4,557.8 517.2 12.8%

Arkansas 2,350.7 2,779.2 428.5 18.2%

Arizona 3,665.2 5,939.3 2,274.1 62.0%

Florida 12,937.9 17,789.9 4,852.0 37.5%

Georgia 6,478.2 9,072.6 2,594.4 40.0%

Kentucky 3,685.3 4,173.4 488.1 13.2%

Louisiana 4,220.0 4,523.6 303.6 7.2%

Mississippi 2,573.2 2,921.1 347.9 13.5%

New Mexico 1,515.1 1,928.4 413.3 27.3%

North Carolina 6,628.6 8,683.2 2,054.6 31.0%

Oklahoma 3,145.6 3,547.9 402.3 12.8%

South Carolina 3,486.7 4,255.1 768.4 22.0%

Tennessee 4,877.2 5,963.0 1,085.8 22.3%

Texas 16,986.5 22,860.0 5,873.5 34.6%

Virginia 6,187.4 7,567.5 1,380.1 22.3%

TOTAL 82,778.2 106,562.0 23,783.8 28.7%

STATE POPULATIONS - SNOWBELTSTATE POPULATIONS - SNOWBELTSTATE 1990 2005 DIFFERENCE % DIFFERENCEConnecticut 3,287.1 3,510.3 223.2 6.79%Illinois 11,430.6 12,763.4 1,332.8 11.66%Indiana 5,544.2 6,272.0 727.8 13.13%Iowa 2,776.8 2,966.3 189.5 6.82%Kansas 2,477.6 2,744.7 267.1 10.78%Maine 1,227.9 1,321.5 93.6 7.62%Massachusetts 6,016.4 6,398.7 382.3 6.35%Michigan 9,295.3 10,120.9 825.6 8.88%Minnesota 4,375.1 5,132.8 757.7 17.32%Missouri 5,117.1 5,800.3 683.2 13.35%Nebraska 1,578.4 1,758.8 180.4 11.43%New Hampshire 1,109.1 1,309.4 200.3 18.06%New York 17,990.5 19,254.6 1,264.1 7.03%North Dakota 638.8 636.7 (2.1) -.33%Ohio 10,847.1 11,464.0 616.9 5.69%Pennsylvania 11,881.6 12,429.6 548.0 4.61%Rhode Island 1,003.5 1,076.2 72.7 7.24%South Dakota 696.0 775.9 79.9 11.48%Vermont 562.8 623.1 60.3 10.71%Wisconsin 4,891.8 5,536.2 644.4 13.17%West Virginia 1,763.5 1,816.9 548.0 4.6%TOTAL 104,511.2 113,712.3 9,201.1 7.2%

US Census Bureau Population Projection SUN BELT % ChangeUS Census Bureau Population Projection SUN BELT % Change

STATE 2000 - 2010 2010 - 2020 2020 - 2030 2000 - 2030

Alabama 3.4% 2.9% 3.1% 9.6%

Arkansas 7.5% 6.4% 5.9% 21.2%

Arizona 29.4% 27.4% 26.7% 108.8%

Florida 20.5% 21.6% 22.6% 79.5%

Georgia 17.1% 13.1% 10.8% 46.8%

Kentucky 5.5% 3.7% 3.0% 12.7%

Louisiana 3.2% 2.3% 1.8% 7.5%

Mississippi 4.5% 2.5% 1.6% 8.7%

New Mexico 8.9% 5.3% 0.7% 15.4%

North Carolina 16.1% 14.6% 14.2% 51.9%

Oklahoma 4.1% 4.0% 4.8% 13.4%

South Carolina 10.8% 8.5% 6.8% 28.3%

Tennessee 9.5% 8.8% 8.8% 29.7%

Texas 18.2% 16.2% 16.4% 59.8%Virginia 13.2% 11.3% 10.2% 38.8%

TOTAL 11.5% 9.9% 9.2% 35.5%

US Census Bureau Population Projection SNOW BELT % ChangeUS Census Bureau Population Projection SNOW BELT % Change

STATE 2000 - 2010 2010 - 2020 2020 - 2030 2000 - 2030Connecticut 5.0% 2.7% 0.4% 8.3%Illinois 4.0% 2.5% 1.5% 8.2%Indiana 5.1% 3.7% 2.8% 12.0%Iowa 2.9% 0.4% -2.2% 1.0%Kansas 4.4% 3.0% 1.7% 9.4%Maine 6.4% 3.8% 0.2% 10.7%Massachusetts 4.7% 3.1% 2.3% 10.4%Michigan 4.9% 2.6% 0.0% 7.6%Minnesota 10.2% 8.9% 6.9% 28.2%Missouri 5.8% 4.7% 3.7% 14.9%Nebraska 3.4% 1.9% 1.0% 6.4%New Hampshire 12.1% 10.0% 8.0% 33.2%New York 2.5% 0.7% -0.5% 2.6%North Dakota -0.9% 1.0% -3.7% -5.5%Ohio 2.0% 0.6% -0.8% 1.7%Pennsylvania 2.5% 1.6% -0.1% 4.0%Rhode Island 6.5% 3.4% -0.1% 10.0%South Dakota 4.2% 2.0% -0.2% 6.0%Vermont 7.2% 5.9% 3.1% 16.9%Wisconsin 6.8% 4.8% 2.4% 14.7%West Virginia 1.2% -1.5% -4.5% -4.9%TOTAL 4.8% 3.1% 1.0% 9.3%

NUMBER OF WAL-MART STORES PER STATENUMBER OF WAL-MART STORES PER STATE

STATESUPER

CENTERSREGULAR

WAL-MARTTOTAL

WAL-MARTTOTAL HIBBETT

STORES

Alabama 84 10 94 76ArizonaArkansas

5262

1218

6480

431

Florida 151 44 195 27Georgia 117 11 128 82Illinois 65 73 138 15Indiana 76 19 95 16Iowa 43 13 56 5Kansas 45 10 55 15Kentucky 67 16 83 33Louisiana 73 8 81 28Mississippi 56 8 64 50Missouri 85 32 117 21Nebraska 28 0 28 4New Mexico 28 3 31 5North Carolina 89 31 120 43Ohio 104 37 141 14Oklahoma 62 22 84 26South Carolina 53 12 65 27Tennessee 99 6 105 45Texas 286 48 334 54Virginia 69 18 87 11West Virginia 32 2 34 4TOTAL 1826 453 2279 636

INFRASTRUCTURE IN PLACE TO SUPPORT GROWTHINFRASTRUCTURE IN PLACE TO SUPPORT GROWTH

Personnel- Strong management team- Comprehensive training program focusing on

customer satisfaction- Emphasize selling skills and product knowledge

Personnel- Strong management team- Comprehensive training program focusing on

customer satisfaction- Emphasize selling skills and product knowledge

MIS- Timely merchandising information- State-of-the-art POS system- Comprehensive store level information- Sophisticated financial reporting systems- EDI with vendors

MIS- Timely merchandising information- State-of-the-art POS system- Comprehensive store level information- Sophisticated financial reporting systems- EDI with vendors

Distribution center can support over 850 storesDistribution center can support over 850 stores

Per RIS News, December 2005Per RIS News, December 2005

Stated the Top 45 Leaders in retail-focused software are:

Rank Company System

• 5 JDA Software Merchandise System

• 12 Lawson Software GL/AP/AR/HR

• 15 Datavantage POS

• 21 Manhattan Assoc. Warehouse Mgmt.

Stated the Top 45 Leaders in retail-focused software are:

Rank Company System

• 5 JDA Software Merchandise System

• 12 Lawson Software GL/AP/AR/HR

• 15 Datavantage POS

• 21 Manhattan Assoc. Warehouse Mgmt.

WHY INVEST IN HIBBETT?WHY INVEST IN HIBBETT?

Smaller market focus creates competitive advantagesSmaller market focus creates competitive advantages

Attractive store modelAttractive store model

Significant untapped market potentialSignificant untapped market potential

Track record of sales and earnings growthTrack record of sales and earnings growth

STRONG UNIT GROWTHSTRONG UNIT GROWTHStores at fiscal year-endStores at fiscal year-end

1999

171

2000

223

2001

282

2002

329

2003

371CAGR=17.30%

Growth %Growth %

2004

428

2006

549

2005

482

26.526.5 16.716.7 12.812.8 15.415.4 12.612.6

2007

613

13.913.9 11.711.742.542.5 30.430.4

STRONG FINANCIAL PERFORMANCESTRONG FINANCIAL PERFORMANCENet Sales($ in millions)

CAGR=17.25%

1999

$143.4

2000

$174.3

2001

$209.6

2002

$241.1

2003

$279.2

(Comparable Store Sales %)(Comparable Store Sales %)

5.35.33.03.0 3.03.0 2.02.0 2.72.7 3.93.9 5.75.7

2004

$321.0

$440.3

2006

5.6

2005

$377.5

$512.1

2007

3.83.8

STRONG FINANCIAL PERFORMANCESTRONG FINANCIAL PERFORMANCEComp Sales by ClassFYE 2007 @ 3.80%

2001 200320001999

2.71%

2002 2004

5.21%

Before ‘98

1998 2005

1.80%1.80%

7.64%7.64%

3.78%3.78%

3.59%3.59%

4.99%4.99%

1.41%1.41%

6.98%6.98%

STRONG FINANCIAL PERFORMANCESTRONG FINANCIAL PERFORMANCEOperating Income($ in millions)

CAGR=23.78%

1999

$11.2

2000

$14.5

2001

$18.2

2002

$19.0

2003

$22.6

Margin %

Margin % 7.87.8 8.38.3 8.78.7 7.97.9 9.69.68.18.1 10.410.4

2004

$30.8

11.8

2005

$39.4

2007

$61.7

2006

$51.7

12.1

1999

$0.21

2000

$0.27

2001

$0.32

2002

$0.34

2003

$0.41

STRONG FINANCIAL PERFORMANCESTRONG FINANCIAL PERFORMANCEEarnings Per Share (diluted)

CAGR=23.95%

2004

$0.55

2005

$0.70

2007

$1.17

2006

$0.98

CAPITALIZATION SUMMARYCAPITALIZATION SUMMARY($ in thousands)($ in thousands)($ in thousands)($ in thousands)

Cash & Short Term Inv.Cash & Short Term Inv. $ 9,872$ 9,872 $ 5,464$ 5,464

August 4, 2007August 4, 2007 July 29, 2006July 29, 2006

InventoryInventory $ 149,753$ 149,753 $ 131,168$ 131,168

Long-Term DebtLong-Term Debt $ 0$ 0 $ 0$ 0

Total Stock shares repurchased as of February 23, 2007:

5.0 million shares and $118.1 million dollars