Looking ahead into the second quarter, the company expects net sales of $332-$335 million, net income of $20-$21.2 million, and EPS of $0.36-$0.38. The sales outlook is based on the opening of about 33 new stores and assuming about flat comparable sales.
For fiscal 2018, Five Below sees net sales of $1.502-$1.517 billion, net income of $136.5-$139.9 million, and EPS of $2.42-$2.48. The sales forecast is based on the opening of about 125 new stores and assuming a 1-2% rise in comparable sales.
Shares of Five Below ended Wednesday’s regular trading session up 3.07% at $81.28 on the Nasdaq. The stock had been trading between $44.30 and $81.77 for the past 52 weeks.
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