Five Below Profit Tops Street - Quick Facts

(RTTNews) - Specialty retailer Five Below Inc (FIVE) Wednesday reported first-quarter net earnings to stockholders of $3 million or $0.06 per share, compared with $1.5 million or $0.03 per share last year.

Excluding items, adjusted earnings for the quarter were $3.6 million or $0.07 per share, compared with $2.5 million or $0.05 per share a year ago. On average, 14 analysts polled by Thomson Reuters expected earnings of $0.06 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter grew to $126 million from $95.6 million in the prior year. Fourteen analysts had a consensus revenue estimate of $121.98 million for the quarter.

For the second quarter, Five Below expects earnings of $0.12 to $0.13 per share and sales of $150 million to $152 million. Analysts expect earnings of $0.14 per share on sales of $151.7 million.

For fiscal 2014, the company continues to expect net earnings of $0.85 to $0.88 per share and adjusted earnings of $0.86 to $0.89 per share. Sales are now expected in the range of $675 million to $681 million, from prior range of $672 million to $678 million. Analysts expect earnings of $0.89 per share on sales of $680.11 million.