— 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.
Most Popular
Major earnings conferences to watch this week
After registering a slow recovery in the first half of the week, the markets pared these gains on Thursday and Friday. The weakness witnessed in the latter half of the
Illumina (ILMN) is uniquely placed to offer long-term returns. Here’s why
Illumina, Inc. (NASDAQ: ILMN), a pioneer in genome sequencing technology, has strived to strengthen its unique position in the healthcare sector through strategic partnerships and technological innovation. Its performance so
The COVID-19 pandemic gave these companies an unexpected opportunity
The COVID-19 pandemic raged through the first half of this year and continues to impact the world without signs of abating. Amid this health crisis, several companies reported strong results
2 thoughts on “Five Below (NASDAQ: FIVE): Q3 2019 Earnings Snapshot”
Comments are closed.