Categories AlphaGraphs, Earnings, Retail

Five Below (FIVE) Q4 profit jumps 24%, beats estimates

All of Five Below's stores will be temporarily closed beginning Thursday evening through March 31

Five Below (NASDAQ: FIVE) reported a 24% jump in earnings for the fourth quarter of 2019 helped by higher revenue. The results exceeded analysts’ expectations. Further, the company is not providing a forecast due to the uncertainty related to the Covid-19

Net income jumped by 24% to $110.4 million or $1.97 per share. Net sales grew by 14% to $687.1 million while comparable-store sales decreased by 2.2%. Analysts had expected EPS of $1.94 on revenue of $687.05 million for the fourth quarter.

Five Below (FIVE) Q4 2019 earnings review

As announced earlier, all of the company’s stores will be temporarily closed beginning Thursday evening through March 31. With the rapidly evolving Covid-19 situation, the company is taking the necessary steps to address the current environment across its stores, distribution centers, and WowTown. The company will be paying its associates through this period.

Given the uncertainty related to Covid-19, the company will not be providing guidance for the first quarter or for fiscal 2020. If not for Covid-19, the company would have expected fiscal 2020 to be in line with its 2020 goals.

“We will provide pay and benefits to our impacted associates through March 31st and will continue to monitor developments, follow the guidance of health authorities, and lead with our values when making decisions. We are confident that we have strong teams in place to guide our growing company through this unprecedented situation and look forward to safely reopening our stores,” said CEO Joel Anderson.

The company opened 6 new stores and ended the fourth quarter with 900 stores in 36 states. This represents an increase in stores of 20% from the end of the fourth quarter of fiscal 2018.

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Comments

  1. Pingback: Reba Fleurantin
  2. Pingback: Chirurgie Tunisie
  3. Pingback: Global Cultures
  4. Pingback: Economics
  5. Pingback: fue
  6. Pingback: Vacuum pumps
  7. Pingback: MBA
  8. Pingback: Biochemistry
  9. Pingback: Marketing degree
  10. Pingback: Political Theory
  11. Pingback: engineering majors
  12. Pingback: fue contact
  13. Pingback: Dental Hospital
  14. Pingback: led luci camera
  15. Pingback: bodytones
  16. Pingback: Fiverr Earn
  17. Pingback: Fiverr Earn
  18. Pingback: Fiverr Earn
  19. Pingback: fiverrearn.com
  20. Pingback: fiverrearn.com
  21. Pingback: weather tomorrow
  22. Pingback: fiverrearn.com
  23. Pingback: french bulldog
  24. Pingback: fiverrearn.com
  25. Pingback: fiverrearn.com
  26. Pingback: exotic bully
  27. Pingback: seo in Singapore
  28. Pingback: Piano Removals
  29. Pingback: blockchain
  30. Pingback: Silver earrings
  31. Pingback: future university
  32. Pingback: future university
  33. Pingback: future university
  34. Pingback: bulldogs puppy
  35. Pingback: Fiverr.Com
  36. Pingback: Fiverr
  37. Pingback: Fiverr.Com
  38. Pingback: french bulldog
  39. Pingback: FUE
  40. Pingback: MB Removals
  41. Pingback: Classic Books 500
  42. Pingback: FiverrEarn
  43. Pingback: Streamer
  44. Pingback: FiverrEarn
  45. Pingback: FiverrEarn
  46. Pingback: Sefton Playclub
  47. Pingback: pupuk cair terbaik
  48. Pingback: partners
  49. Pingback: french bulldog
  50. Pingback: Sport analysis
  51. Pingback: live sex cams
  52. Pingback: live sex cams
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: FiverrEarn
  57. Pingback: FiverrEarn
  58. Pingback: FiverrEarn
  59. Pingback: FiverrEarn
  60. Pingback: FiverrEarn
  61. Pingback: garden
  62. Pingback: science
  63. Pingback: FiverrEarn
  64. Pingback: FiverrEarn
  65. Pingback: cheap sex cams
  66. Pingback: french bulldog
  67. Pingback: live sex cams
  68. Pingback: live sex cams
  69. Pingback: frt trigger
  70. Pingback: 늑대닷컴
  71. Pingback: Situs judi online
  72. Pingback: nang delivery
  73. Pingback: superslot
  74. Pingback: allgame
  75. Pingback: 918kiss
  76. Pingback: หวย24
  77. Pingback: Raahe Guide
  78. Pingback: megagame
  79. Pingback: itsMasum.Com
  80. Pingback: Skywhip tanks
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top