Five Below Inc
- Five Below plunged 17.5% to $84.33 after the deep discount retailer lowered its second quarter outlook and announced the departure of chief executive Joel Anderson.
Net sales in the fiscal first quarter ending on May 4 increased 11.8% to $811.9 million from $726.2 million, net income decreased to $31.5 million from $37.5 million, and diluted earnings per share fell to 57 cents from 67 cents a year ago.
Comparable same-store sales decreased by 2.3% compared to the quarter in 2023.
The company estimated fiscal second quarter sales between $830 million and $850 million, net income between $32 million and $38 million, and diluted earnings per share between 57 cents and 69 cents.
Jul 17, 2024 - Five Below declined 12.5% to $182.85 after the deep discount retailer reported lower-than-expected revenue and earnings in the fiscal quarter, dominated by holiday sales.
Revenue in the fiscal fourth quarter ended February 3 increased 19.1% to $1.34 billion from $1.12 billion, net income rose to $202.2 million from $171.3 million, and diluted earnings per share rose to $3.65 from $3.02 a year ago.
Net sales in the 53rd week were $48.1 million and represented approximately $0.15 cents in diluted earnings per share.
The company also estimated weaker-than-anticipated revenue and earnings in the fiscal first quarter and full year.
Net sales in the fiscal first quarter are expected to range between $826 million and $846 million, net income between $32 million and $38 million, and diluted earnings per share between 58 cents and 69 cents.
The company's guidance is based on comparable sales to increase between flat and 2%.
For the full year of fiscal 2024, net sales are estimated in the range of $3.97 billion and $4.07 billion, net income between $318 million and $346 million, and diluted earnings per share between $5.71 and $6.22.
Mar 21, 2024 - Five Below was nearly unchanged at $188.0 after the deep discount retailer reported its third-quarter results.
Revenue in the third quarter increased 14.2% to $736.4 million from $645.0 million, and comparable store sales rose 2.5% from a year ago.
Net income in the quarter declined to $14.6 million from $16.1 million, and diluted earnings per share fell to 26 cents from 29 cents a year ago.
The company repurchased 500,000 shares in the third quarter at a cost of $80 million.
The company estimated net sales in the fourth quarter to be in the range of $1.32 billion to $1.35 billion, including an additional 60 stores, based on a 2% to 3% rise in comparable store sales.
Net income in the fourth quarter is estimated to be in the range of $201 million and $211 million.
Nov 30, 2023 - Five Below Inc declined 4.5% to $174.88 after the deep discount retailer forecasted weak third quarter results.
The retailer estimated third quarter revenue to fall between $715 million and $730 million and earnings per share between 17 cents and 25 cents, sharply lower than estimates set by some analysts.
Revenue in the second quarter increased 13.5% to $758.9 million from $668.9 million, reflecting comparable sales increase of 2.7% and comparable transactions advanced 4.5%.
Net income advanced to $48.6 million from $41.3 million and diluted earnings per share rose to 84 cents from 74 cents a year ago.
In the quarter, the company opened 43 new stores and ended the quarter with 1,407 stores, representing 12.4% increase in store count from a year ago.
The discount retailer forecasted full-year revenue in the range of $3.50 billion to $3.57 billion based on opening over 200 new stores and assuming an approximate 1% to 3% increase in comparable sales.
Net income is expected to be in the range of $295 million to $311 million and diluted income per common share in the range of $5.27 to $5.55 on approximately 55.9 million outstanding shares.
Aug 31, 2023 - Five Below Inc increased 6.4% to $179.43 after the deep discount retailer reported higher-than-expected earnings but the company offered a cautious outlook for the second quarter.
Net sales in the first quarter ending in April increased 13% to 13.5% to $726.2 million from $639.6 million after comparable store sales rose 2.7%
Net income increased to $37.5 million from $32.7 million and diluted earnings per share increased to 67 cents from 59 cents a year ago.
The deep discount retailer guided fiscal second quarter net sales in the range of $755 million to $765 million based on opening approximately 40 new stores and assuming an approximate 2% to 3% increase in comparable sales.
Net income is expected to be in the range of $44 million to $48 million and diluted income per share in the range of $0.80 to $0.85 on approximately 55.9 million diluted weighted average shares outstanding.
Jun 2, 2023
| Year | May | Aug | Nov | Feb | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 3.07 | 0.67 | 0.84 | 0.26 | - | |
| 2022 | 2.49 | 0.59 | 0.74 | 0.29 | 4.69 | |
| 2021 | 2.22 | 0.88 | 1.15 | 0.43 | 4.95 | |
| 2020 | 1.97 | -0.91 | 0.53 | 0.36 | 2.2 | |
| 2019 | 1.58 | 0.46 | 0.51 | 0.18 | 3.12 | |
| 2018 | 1.21 | 0.39 | 0.45 | 0.24 | 2.66 | |
| 2017 | 0.90 | 0.15 | 0.30 | 0.18 | 1.53 | |
| 2016 | 0.77 | 0.12 | 0.18 | 0.10 | 1.17 | |
| 2015 | 0.61 | 0.08 | 0.13 | 0.08 | 0.9 | |
| 2014 | 0.06 | 0.15 | 0.06 | 0.46 | 0.59 | |
| 2013 | 0.03 | 0.07 | 0.03 | 2.44 | -1.28 | |
| 2012 | -0.32 | -3.41 | 0.01 | 0.50 | 0 | |
| 2011 | -0.18 | -0.10 | -0.22 | 0.00 | -0.08 | |
| 2010 | 0.00 | 0.00 | 0.00 | 0.00 | 0.54 | |
| 2009 | - | - | - | - | -0.22 | |
| 2008 | - | - | - | - | -0.23 |