Categories AlphaGraphs, Earnings, Retail

Five Below Q2 earnings beat Street view; revenues miss

Specialty apparel retailer Five Below (Nasdaq: FIVE) reported stronger than expected earnings for the second quarter, aided by positive comparable store sales. Revenues rose 20% but missed the forecast. The company’s stock fell sharply Wednesday evening, immediately after the announcement.

Five Below (FIVE) Q2 earning beat Street view; stock falls on revenue miss

At $417.4 million, net sales were up 20% year-over-year in the second quarter but below the market’s projection. The growth reflects a 1.4% increase in comparable-store sales.

The Bottom Line

Supported by the solid top-line performance, net profit advanced to $28.8 million or $0.51 per share during the three-month period from $25.1 million or $0.45 per share a year earlier. Earnings came in slightly above Wall Street’s expectations.

Also read: Guess? Stock jumps after Q2 earnings, revenue beat

Joel Anderson, CEO of Five Below, stated, “For the second quarter, we delivered total sales growth of 20% and EPS at the high-end of our guidance range. We saw broad-based strength across our worlds, despite a 1 slower start to summer, which impacted sales of our seasonal assortment. Our performance once again was driven by continued strong results from new stores.”

Outlook

For the third quarter, the company expects net sales to be in the range of $369 million to $374 million, based on opening of 55 new stores and assuming a 2% to 3% increase in comparable sales. Net income is forecast to be between $7.6 million or $0.14 per share and $9.8 million of $0.17 per share.

For fiscal 2019, sales are estimated to be in the $1.872-$1.892 billion range, assuming opening of 150 new stores and a 3% increase in comparable sales. Full-year net income is expected to be in the range of $173.4 million or $3.08 per share to $179.9 million or $3.19 per share.

Other Highlights

The company opened 44 new stores and ended the quarter with 833 stores, representing a 20.4% year-over-year increase. It also repurchased 146,185 shares for about $16.6 million.

Related: Five Below Q1 2019 Earnings Conference Call Transcript

Shares of Five Below had dropped about 20% after hitting a record high in April. The stock closed Wednesday’s regular session sharply higher.

We’re on Apple News! Follow us to receive the latest stock market, earnings and financial news at your fingertips

Most Popular

Infographic: How UnitedHealth Group (UNH) performed in Q2 2024

UnitedHealth Group (NYSE: UNH) reported second quarter 2024 earnings results today. Revenues increased to $98.9 billion from $92.9 billion a year ago. Net earnings attributable to UnitedHealth Group common shareholders

SCHW Earnings: Highlights of Charles Schwab Corporation’s Q2 2024 results

Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Tuesday reported a decrease in adjusted earnings and a modest increase in revenues for the second quarter of 2024. Total

BAC Earnings: Key quarterly highlights from Bank of America’s Q2 2024 financial results

Bank of America (NYSE: BAC) reported its second quarter 2024 earnings results today. Revenue, net of interest expense, of $25.4 billion increased 1% from the prior-year period, reflecting higher asset

Comments

  1. Pingback: Beverly Bultron
  2. Pingback: Lincoln Georgis
  3. Pingback: sleep better
  4. Pingback: valentine gift
  5. Pingback: Click Here
  6. Pingback: Click Here
  7. Pingback: Click Here
  8. Pingback: Click Here
  9. Pingback: Click Here
  10. Pingback: Click Here
  11. Pingback: Click Here
  12. Pingback: Click Here
  13. Pingback: Click Here
  14. Pingback: Click Here
  15. Pingback: Click Here
  16. Pingback: Click Here
  17. Pingback: Click Here
  18. Pingback: Click Here
  19. Pingback: Click Here
  20. Pingback: Click Here
  21. Pingback: Click Here
  22. Pingback: Click Here
  23. Pingback: Click Here
  24. Pingback: Space ROS
  25. Pingback: Click Here
  26. Pingback: Click Here
  27. Pingback: Click Here
  28. Pingback: Click Here
  29. Pingback: Click Here
  30. Pingback: Click Here
  31. Pingback: Click Here
  32. Pingback: Click Here
  33. Pingback: Click Here
  34. Pingback: Click Here
  35. Pingback: Click Here
  36. Pingback: Click Here
  37. Pingback: Click Here
  38. Pingback: Click Here
  39. Pingback: Click Here
  40. Pingback: Click Here
  41. Pingback: Click Here
  42. Pingback: Click Here
  43. Pingback: Click Here
  44. Pingback: Click Here
  45. Pingback: Click Here
  46. Pingback: Click Here
  47. Pingback: Click Here
  48. Pingback: Click Here
  49. Pingback: Click Here
  50. Pingback: Click Here
  51. Pingback: Click Here
  52. Pingback: Click Here
  53. Pingback: Click Here
  54. Pingback: Click Here
  55. Pingback: Click Here
  56. Pingback: Click Here
  57. Pingback: Click Here
  58. Pingback: Click Here
  59. Pingback: Click Here
  60. Pingback: Click Here
  61. Pingback: Click Here
  62. Pingback: Click Here
  63. Pingback: Click Here
  64. Pingback: Click Here
  65. Pingback: Click Here
  66. Pingback: Click Here
  67. Pingback: Click Here
  68. Pingback: Click Here
  69. Pingback: domain-broker
  70. Pingback: domain
  71. Pingback: top startup books
  72. Pingback: Google reviews
  73. Pingback: How to start porn
  74. Pingback: 2023 Books
  75. Pingback: tombstones
  76. Pingback: obituary
  77. Pingback: obituaries
  78. Pingback: cemetery location
  79. Pingback: IRA Empire
  80. Pingback: Chirurgie Tunisie
  81. Pingback: Local
  82. Pingback: FUE
  83. Pingback: Global Impact
  84. Pingback: MBA degree Cairo
  85. Pingback: Corona crisis
  86. Pingback: Luce lineare LED
  87. Pingback: cage mma
  88. Pingback: pull-ups
  89. Pingback: metanail
  90. Pingback: Fiverr Earn
  91. Pingback: Fiverr Earn
  92. Pingback: Fiverr Earn
  93. Pingback: Fiverr Earn
  94. Pingback: Fiverr Earn
  95. Pingback: led controsoffitto
  96. Pingback: fiverrearn.com
  97. Pingback: fiverrearn.com
  98. Pingback: fiverrearn.com
  99. Pingback: fiverrearn.com
  100. Pingback: shipping broker
  101. Pingback: red boost buy
  102. Pingback: fiverrearn.com
  103. Pingback: fiverrearn.com
  104. Pingback: fiverrearn.com
  105. Pingback: micro bully
  106. Pingback: YouTube SEO
  107. Pingback: frenchie doodle
  108. Pingback: future university
  109. Pingback: future university
  110. Pingback: blue frenchie
  111. Pingback: lean manufacturing
  112. Pingback: Warranty
  113. Pingback: Piano moving
  114. Pingback: Piano maintenance
  115. Pingback: FUE
  116. Pingback: Efficient moving
  117. Pingback: FiverrEarn
  118. Pingback: FiverrEarn
  119. Pingback: FiverrEarn
  120. Pingback: FiverrEarn
  121. Pingback: FiverrEarn
  122. Pingback: partners
  123. Pingback: cortexi
  124. Pingback: glucotrust
  125. Pingback: frenchie stud
  126. Pingback: Betting tips
  127. Pingback: FiverrEarn
  128. Pingback: FiverrEarn
  129. Pingback: live sex cams
  130. Pingback: FiverrEarn
  131. Pingback: FiverrEarn
  132. Pingback: FiverrEarn
  133. Pingback: FiverrEarn
  134. Pingback: pearl
  135. Pingback: technology
  136. Pingback: FiverrEarn
  137. Pingback: FiverrEarn
  138. Pingback: FiverrEarn
  139. Pingback: cheap sex cams
  140. Pingback: fullersears.com
  141. Pingback: fullersears.com
  142. Pingback: fullersears.com
  143. Pingback: freeze dried
  144. Pingback: frt trigger
  145. Pingback: Hosting
  146. Pingback: 늑대닷컴
  147. Pingback: Pola slot
  148. Pingback: allgame
  149. Pingback: 918kiss
  150. Pingback: หวย24
  151. Pingback: Skincare for pores
  152. Pingback: pg slot
  153. Pingback: regles 421
  154. Pingback: resort lake placid
  155. Pingback: weight loss
  156. Pingback: 44-40 ammo
  157. Pingback: itsMasum.Com
  158. Pingback: here
  159. Pingback: emerald chat
  160. Pingback: itsmasum.com
  161. Pingback: itsmasum.com
  162. Pingback: itsmasum.com
  163. Pingback: itsmasum.com
  164. Pingback: itsmasum.com
  165. Pingback: doha jobs
  166. Pingback: washingtondc jobs
  167. Pingback: webcam girls
  168. Pingback: sex shows
  169. Pingback: free webcam sex
  170. Pingback: Kampus Islami
  171. Pingback: 918kiss

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top