Five Below Profit Tops Street, Q3 Guidance Weak, Lifts FY View; Stock Down 6%

(RTTNews) - Specialty retailer Five Below Inc (FIVE) Wednesday reported second-quarter net earnings to stockholders of $8.3 million or $0.15 per share compared with $4 million or $0.07 per share last year.

Revenues for the quarter were $152.5 million compared with $117 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.14 per share on revenues of $152.2 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the third quarter, the company expects earnings of $0.05 to $0.06 per share on revenues of $136 million to $138 million. Analysts expect earnings of $0.07 per share on revenues of $137 million.

For the full year, Five Below now projects adjusted earnings of $0.87 to $0.90 per share and revenues of $681 million to $687 million. It earlier expected adjusted earnings of $0.86 to $0.89 per share and revenues of $675 million to $681 million.

Five Below, based in Philadelphia, Pennsylvania, operates as a discount retailer, offering teens and pre-teen shoppers, products from headphones to fashion accessories, all priced at $5 or below.