— Specialty retailer Five Below (NASDAQ: FIVE) reported its third-quarter 2019 earnings of $0.18 per share versus $0.17 per share expected.
— Net sales climbed by 21% to $377.4 million versus $373.43 million expected. The growth reflects a 2.9% increase in comparable-store sales.
— The company opened 61 new stores and ended the quarter with 894 stores in 36 states. This represents an increase in stores of 20% from the end of the third quarter of fiscal 2018.
— Looking ahead into the fourth quarter, the company expects net sales of $717-732 million, based on opening about 6 new stores and assuming a 2-3% increase in comparable sales. This is below the consensus estimates of $733.97 million.
— Net income is predicted to be in the range of $110.7-115.2 million or $1.97-2.05 per share for the fourth quarter. This is in-line with the analysts’ forecast of $2.02 per share.
— For the full year 2019, Five Below narrowed its net sales outlook to the range of $1.877-1.892 billion from the previous range of $1.872-1.892 billion. In contrast, the consensus view is $1.89 billion.
— The net sales guidance for the full year is based on opening 150 new stores and assuming an approximate 2.5% increase in comparable sales.
— For the full year, net income guidance is tightened to the range of $175.4-179.9 million or $3.11-3.19 per share from the previous range of $173.4-179.9 million or $3.08-3.19 per share. This is compared to the Street’s view of $3.15 per share.
General Mills Inc. (NYSE: GIS) reported fourth quarter 2022 earnings results today. Net sales increased 8% year-over-year to $4.9 billion. Organic net sales rose 13%. Net earnings attributable to General
Shares of KB Home (NYSE: KBH) have dropped 35% year-to-date and 28% over the past 12 months. Last week, the company reported second quarter 2022 earnings results that surpassed expectations
Trade Desk, Inc. (NASDAQ: TTD) has remained a much sought-after demand-side platform despite challenging market conditions and growing inflationary pressure, but its stock suffered heavy selling in recent months. The