Five Below: Fiscal 1Q Earnings Snapshot
PHILADELPHIA (AP) — Five Below Inc. (FIVE) on Wednesday reported fiscal first-quarter earnings of $21.8 million.
On a per-share basis, the Philadelphia-based company said it had profit of 39 cents. Earnings adjusted to reflect a one-time gain were 35 cents a share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The discount retailer posted revenue of $296.3 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $291.8 million.
For the current quarter ending in August, Five Below said it expects revenue in the range of $332 million to $335 million. Analysts surveyed by Zacks had expected revenue of $327.4 million.
The company expects full-year earnings to be $2.42 to $2.48 per share, with revenue ranging from $1.5 billion to $1.52 billion.
Five Below shares have risen 22 percent since the beginning of the year and 56 percent in the last 12 months.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FIVE at https://www.zacks.com/ap/FIVE