Five Below Q2 Adj. Profit Tops View; Lifts FY13 Outlook - Quick Facts

(RTTNews) - Five Below Inc. (FIVE) reported second-quarter net income attributable to common shareholders of $4.0 million or $0.07 per share, compared to a net loss of $64.2 million or $3.41 per share in the year-ago quarter.

Excluding items, adjusted net income for the latest second quarter was $6.2 million or $0.11 per share, compared to $2.2 million or $0.04 per share in the prior year quarter.

Net sales for the latest second quarter increased 34.9% to $117.09 million from $86.82 million in the comparable quarter last year. Same-store sales for the quarter increased 4.2%.

On average, thirteen analysts polled by Thomson Reuters expected the company to earn $0.09 per share on revenue of $112.70 million for the second quarter. Analysts' estimates typically exclude special items.

Looking forward to the third quarter, the company forecast GAAP earnings to be in the range of $0.01 to $0.02 per share, adjusted earnings of $0.03 to $0.04 per share and net sales of $107 million to $109 million. Analysts currently expect the company to earn $0.03 per share on revenue of $109.22 million for the third quarter.

For the fiscal year 2013, the company expects GAAP earnings to be in the range of $0.60 to $0.63 per share, adjusted earnings of $0.68 to $0.71 per share and net sales of $531 million to $536 million. Analysts currently expect the company to earn $0.69 per share on revenue of $535.15 million for fiscal year 2013.

Earlier, the company expected GAAP earnings to be in the range of $0.57 to $0.60 per share, adjusted earnings of $0.65 to $0.68 per share and net sales of $524 million to $529 million.