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Five Below, Inc. (NASDAQ:FIVE) just released its third-quarter financial results, posting earnings of $0.18 per share and revenues of $257.2 million. Currently, Five Below is a Zacks Rank #2 (Buy), and is up 3.56% to $63.34 per share in after-hours trading shortly after its earnings report was released.
FIVE:
Beat earnings estimates. The company posted earnings of $0.18 per share, beating our earnings estimates of $0.13 per share.
Beat revenue estimates. The company saw revenue figures of $257.2 million, topping our consensus estimate of $244.93 million.
Five Below’s third-quarter revenues jumped 28.9%, spurred by an 8.5% year-over-year climb in comparable store sales.
The discount chain’s operating income soared 71.6% to hit $14.8 million. Five Below’s net income hit $9.9 million, which marked an 81.4% gain form the year-ago period.
For the fourth-quarter, Five Below now projects revenues will be between $491 million and $503 million. On top of that, the company expects to post EPS between $1.09 and $1.16.
“We are extremely pleased with our third quarter results that exceeded the high end of our sales, comp and earnings outlook,” CEO Joel Anderson said in a statement.
“This quarterly performance reflects a strong customer response to our WOW product, incredible price points, differentiated in-store experience and increasingly targeted marketing efforts. With the strength of our year-to-date performance, as well as our quarter-to-date momentum, we are raising our guidance for the year.”
Here’s a graph that looks at Five Below’s Price, Consensus and EPS Surprise history:
Five Below, Inc. is a specialty value retailer offering merchandise for teen and pre-teen customers in the United States. The Company offers products all priced at $5 and below, including select brands and licensed merchandise across a range of categories.
Check back later for our full analysis on Five Below’s earnings report!
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