Five Below, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2016
January 09, 2017 at 08:25 am
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Five Below, Inc. provided earnings guidance for the fourth quarter and full year 2016. For the fourth quarter, net sales are now expected to be in the range of $386 million to $388 million, or growth of 18% to 19% assuming a comparable sales increase of approximately 1%. Diluted income per common share is expected to be in the range of $0.88 to $0.89, or approximately 14% to 16% growth.
For the full year fiscal 2016, net sales are now expected to be in the range of $998 million to $1,000 million, or growth of 20% assuming a comparable sales increase of approximately 2%. Diluted income per common share is expected to be in the range of $1.28 to $1.29, or approximately 22% to 23% growth.
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. 
