Five Below: Fiscal 2Q Earnings Snapshot
Sep. 06, 2018
PHILADELPHIA (AP) _ Five Below Inc. (FIVE) on Thursday reported fiscal second-quarter profit of $25.1 million.
The Philadelphia-based company said it had profit of 45 cents per share. Earnings, adjusted for non-recurring gains, came to 42 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The discount retailer posted revenue of $347.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $335 million.
For the current quarter ending in November, Five Below said it expects revenue in the range of $301 million to $304 million. Analysts surveyed by Zacks had expected revenue of $303.6 million.
The company expects full-year earnings to be $2.51 to $2.57 per share, with revenue ranging from $1.53 billion to $1.54 billion.
Five Below shares have climbed 74 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $115.36, more than doubling in the last 12 months.