Five Below, Inc. Announces Second Quarter Fiscal 2019 Financial Results
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Five Below (FIVE) Tops Q2 EPS by 1c, Revenues Miss; Offers Q3 EPS/Revenue Guidance Below Consensus, FY19 EPS/Revenue Mid-Point Guidance Below Consensus
August 28, 2019 4:04 PM EDTFive Below (NASDAQ: FIVE) reported Q2 EPS of $0.51, $0.01 better than the analyst estimate of $0.50. Revenue for the quarter came in at $417.4 million versus the consensus estimate of $421.06 million.
For the second quarter ended August 3, 2019:
Net sales increased by 20.0% to $417.4 million from $347.7 million in the second quarter of fiscal 2018; comparable sales increased by 1.4%.The Company opened 44 new stores and ended the quarter with 833 stores in 36 states. This represents an increase in stores of 20.4% from the end of the second quarter of fiscal 2018.Operating income increased by 18.4% to $36.0 million from $30.4... More