Five Below Earnings: Here’s Why Investors are Buying Shares Now
Five Below, Inc. (NASDAQ:FIVE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 6.53%.
Five Below, Inc. Earnings Cheat Sheet
Revenue: Rose 33.09% to $95.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Five Below, Inc. reported adjusted EPS income of $0.05 per share. By that measure, the company beat the mean analyst estimate of $0.04. It beat the average revenue estimate of $94.23 million.
Quoting Management: Thomas Vellios, Co-Founder, President and CEO, stated: “The first quarter played out largely as we had expected and we are pleased to have delivered results that came in ahead of our original guidance. As we said a few weeks ago, once the headwinds facing consumers abated mid-quarter, we saw a strengthening in our traffic and sales patterns as our trend-right merchandise at extremely compelling prices resonated with our customers.”
Key Stats (on next page)…