Five Below, Inc. Announces Sales Results for the Quarter-To-Date Period from November 4, 2018 Through January 5, 2019; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2018
January 14, 2019 at 08:00 am EST
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Five Below, Inc. announced sales results for the quarter-to-date period from November 4, 2018 through January 5, 2019. The company announced that net sales for the period increased by 24.6% to $526.1 million from $422.3 million in the comparable nine-week period from November 5, 2017 to January 6, 2018. Comparable sales for the period increased by 4.9%.
The company provided earnings guidance for the fourth quarter and full year of 2018. For the quarter, the company expects net sales of $593 million to $600 million; comparable sales increase of 3% to 4%; and diluted income per common share of $1.53 to $1.57 on approximately 56.4 million estimated diluted weighted average shares outstanding.
For the year, the company expects net sales of $1.550 billion to $1.557 billion; comparable sales increase of 3.3% to 3.7%; and diluted income per common share of $2.60 to $2.64 on approximately 56.4 million estimated diluted weighted average shares outstanding.
Five Below, Inc. is a specialty value retailer offering merchandise targeted at the tween and teen demographic. Its assortment of products, including select brands and licensed merchandise. It is engaged in offering a group of products, including leisure, fashion and home, and snack and seasonal. Leisure includes items, such as sporting goods, games, toys, tech, books, electronic accessories, arts and crafts, and party. Fashion and home include items, such as personal accessories, attitude t-shirts, beauty offerings, home goods and storage options. Snack and seasonal include items, such as seasonal goods, greeting cards, candy and other snacks, and beverages. It also offers its merchandise on the Internet, through its fivebelow.com e-commerce Website, offering home delivery and the option to buy online and pick up in store. It also sells its merchandise through on-demand third-party delivery services to enable its customers to shop online and receive convenient delivery.
Five Below, Inc. Announces Sales Results for the Quarter-To-Date Period from November 4, 2018 Through January 5, 2019; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2018