Five Below, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2020
January 12, 2021 at 09:01 am EST
Share
Five Below, Inc. provided earnings guidance for the fourth quarter and full year 2020. For the quarter, the company expected Net sales of $835 million to $840 million, or growth of 21.5% to 22.2%. Comparable sales increase of approximately 11.0% Diluted income per common share of $2.08 to $2.12 on approximately 56.2 million estimated diluted weighted average shares outstanding.
For the full year, the company expected Net sales of $1.939 billion to $1.944 billion, or growth of 5.0% to 5.2%. Comparable sales decrease of approximately 6.5%. Diluted income per common share of $2.07 to $2.11 on approximately 56.2 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. 
