Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Hibbett Sports (Nasdaq: HIBB) shares jumped 13% today after the company announced earnings that beat estimates.

So what: The operator of sporting goods stores saw revenue bounce 15% higher, and earnings per share of $0.44 were well above the Wall Street estimate of $0.38. Rival Dick's Sporting Goods (NYSE: DKS) has also seen strong demand, and both plan to add stores next year.

Now what: Plans to increase Hibbett's footprint by 40 to 42 stores next year were higher than previously announced, and bode well for more growth. The sporting goods category is on a roll as consumers decide to spend a little more to outfit their favorite athletes. I don't see the momentum stopping anytime soon as the whole sector moves higher.

Interested in more info on Hibbett Sports? Add it to your watchlist.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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