Published March 17, 2014
The Mid-Market Report
Mid-sized businesses are poised to grow this year despite this winter's deep freeze, according to employment and revenue growth projections compiled by the National Center for the Middle Market.
The center's middle-market indicator is predicting growth of 2.2% for 2014.
It looks like this year is off to a healthy start when it comes to mergers and acquisitions; dealmakers polled last month reported a spike in activity from January. The mid-market M&A conditions index climbed to 57.9. Any reading over 50 indicates an expansion in M&A business.
Meanwhile, Hibbett Sports (HIBB) reported disappointing fourth-quarter results. The retailer earned a profit of 64 cents a share, 6 cents below estimates. Revenue rose from a year ago to nearly $218 million, but that also missed expectations. Hibbett says bad weather forced it to close a significant number of stores in January.
The company also forecast weaker-than-expected full-year earnings.