Five Below Results Top Estimates, Outlook Weak; Stock Up 4%

(RTTNews) - Discount retailer Five Below Inc (FIVE) on Wednesday reported fourth-quarter net earnings of $33.3 million or $0.61 per share compared with $24.5 million or $0.45 per share last year.

Revenues for the quarter increased 24.4% to $263.8 million from $212 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.60 per share on revenues of $262.2 million for the quarter. Analysts' estimates typically exclude special items.

Comparable store sales for the quarter rose by 3.2%.

For the first quarter, Five Below expects earnings of $0.06 to $0.07 per share on revenues of $150 million to $152 million. Analysts expect earnings of $0.08 per share on revenues of $154.2 million.

For the full year 2015, the company projects earnings of $1.02 to $1.05 per share on revenues of $816 million to $824 million. Analysts expect earnings of $1.08 per share on revenues of $834 million.