Market Overview

UPDATE: Five Below Q2 Net Profit Down 44%

F5 Networks Surrenders Gain And Retests Two-Year Low
Five Below Has Upside Above $40; Stifel Upgrades To Buy
Have Fund Managers Found A Bargain In IPO Stock Ollie's? (Investor's Business Daily)

Five Below (NASDAQ: FIVE) reported a 44% drop in its fiscal second-quarter profit.

Five Below's quarterly profit fell to $1.25 million, from $2.21 million, in the year-ago period. On a per-share basis, the company posted a loss of $3.41, versus a year-earlier loss of $0.10. Excluding items, Five Below earned $0.04 per share.

Its sales surged 40% to $86.8 million. However, analysts were expecting a profit of $0.01 per share on sales of $82 million.

Its gross margin rose to 33.1% from 32.3%, while same-store sales climbed 8.6%.

For the year, the company projects adjusted earnings of $0.45 to $0.47 per share on sales of $402 million to $407 million. However, analysts were expecting earnings of $0.44 per share on revenue of $399 million.

Five Below shares dropped 5.89% to $32.75 in after-hours trading.

Posted-In: profitEarnings News Guidance


Related Articles (FIVE)

View Comments and Join the Discussion!

Get Benzinga's Newsletters