Five Below: Fiscal 1Q Earnings Snapshot
PHILADELPHIA (AP) _ Five Below Inc. (FIVE) on Wednesday reported fiscal first-quarter net income of $25.7 million.
On a per-share basis, the Philadelphia-based company said it had profit of 46 cents. Earnings, adjusted for non-recurring gains, were 35 cents per share.
The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 35 cents per share.
The discount retailer posted revenue of $364.8 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $365.7 million.
For the current quarter ending in August, Five Below said it expects revenue in the range of $417 million to $422 million. Analysts surveyed by Zacks had expected revenue of $364.4 million.
The company expects full-year earnings to be $3.11 to $3.18 per share, with revenue ranging from $1.87 billion to $1.89 billion.
Five Below shares have increased 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $123.38, a climb of 56% in the last 12 months.