When Five Below Inc. (NASDAQ: FIVE) reported its fiscal third-quarter financial results after the markets closed on Thursday, it posted $0.10 in earnings per share (EPS) and $199.5 million in revenue. The consensus estimates from Thomson Reuters had called for $0.10 in EPS and revenue of $201.03 million. The same period of last year reportedly had EPS of $0.08 and $169.69 million in revenue.
Looking ahead, the fiscal fourth-quarter net sales are expected to be in the range of $391 million to $397 million, assuming a 2% to 3% increase in comparable sales. Net income is expected to be in the range of $49.2 million to $50.6 million, with a diluted income per common share range of $0.89 to $0.92.
The consensus estimates are $0.91 in EPS and $393.65 million in revenue for the fiscal fourth-quarter.
Management believes the Five Below is well-positioned to wow its customers with a compelling holiday assortment, accompanied by exciting marketing plans, including a new and expanded TV campaign.
Excluding Friday’s move, Five Below has underperformed the broad markets, with the stock down 24%.
Joel Anderson, CEO of Five Below, commented:
We are pleased to have delivered earnings at the high-end of our guidance range in our fiscal third quarter. Our track record of outstanding new store performance continued and, despite being up against a strong third quarter last year, we delivered solid sales growth, expanded operating margins and increased EPS by 25% for the quarter.
Shares of Five Below closed Thursday up 1.3% at $39.88, with a consensus analyst price target of $49.07 and a 52-week trading range of $27.87 to $52.70. The stock was up 11% at $44.35 in early trading indications Friday.
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