Five Below Falls After Q4 Earnings, Outlook

Retailer Five Below FIVE released its fiscal fourth-quarter earnings report after the closing bell on Wednesday. In late trading, the stock was down more than 7 percent to $36.30. Five Below reported net income of $19.2 million or $0.35 per share, compared to $12.4 million or $0.27 per share, in last year's corresponding period. On an adjusted basis, which is comparable to analysts' consensus, net income in the quarter was $21.4 million or $0.39 per share, versus $16.1 million or $0.31 per share, last year. This came in just ahead of Wall Street consensus EPS estimates of $0.38. Net sales in the quarter rose 38 percent to $173.6 million from $125.8 million last year. This compared to analysts' consensus revenue estimates of $170.22 million. Looking ahead to the first-quarter, the company guided for adjusted EPS of $0.02 to $0.03 per share on revenue of $92 million to $94 million. This compares to current analysts' consensus of $0.05 on revenue of $94.21 million. For the full-year, Five Below guided for adjusted EPS of $0.62 to $0.65 on revenue of $516 million to $521 million. Currently, analysts' have consensus EPS estimates of $0.70 on revenue of $533.04 million.