Five Below moves higher on strong Q3 earnings and sales
Five Below, Inc. (FIVE) is up 2.6% Thursday morning. The company reported third-quarter earnings of 22 cents per share on revenue of $312.8 million. Analysts forecast earnings of 19 cents and sales of $303.5 million. The specialty retailer forecast current quarter revenue in a range of $593 million to $600 million which is higher than the $592.5 million analyst forecast.
Five Below, Inc. (FIVE) is a specialty discount retailer.
The Michaels Companies, Inc. (MIK) and Patterson Companies, Inc. (PDCO) top the list of other companies with positive news today, while At Home Group Inc. (HOME) and The Children’s Place, Inc. (PLCE) top the list of companies with negative news.
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About Five Below Inc.
Five Below is a value-oriented retailer that operated 625 stores in the United States as of the end of fiscal 2017. Catering to teen and preteen consumers, stores feature a wide variety of merchandise, all priced at or below $5. The assortment focuses on discretionary items in several categories, particularly leisure (such as sporting goods, toys, and electronics; 50% of fiscal 2017 sales), fashion and home (for example, beauty products and accessories, home goods, and storage solutions; 32% of fiscal 2017 sales), and party and snack (including seasonal goods, candy, and beverages; 18% of fiscal 2017 sales). The chain had stores in 32 states as of the end of fiscal 2017, along with two distribution centers (with plans for three more).