Five Below (FIVE) to close our stores
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Five Below (FIVE) Tops Q4 EPS by 3c; Will Not Provide Q1 or FY20 Guidance Due to COVID-19 Outbreak
March 18, 2020 4:03 PM EDTFive Below (NASDAQ: FIVE) reported Q4 EPS of $1.97, $0.03 better than the analyst estimate of $1.94. Revenue for the quarter came in at $687.1 million versus the consensus estimate of $687.05 million.
For the fourth quarter ended February 1, 2020:
Net sales increased 14.0% to $687.1 million from $602.7 million in the fourth quarter of fiscal 2018; comparable sales decreased 2.2%The Company opened 6 new stores and ended the quarter with 900 stores in 36 states. This represents an increase in stores of 20.0% from the end of the fourth quarter of fiscal 2018.Operating income increased 23.7% to $144.1 million from $116.5 million in the... More