Five Below Issues Q1 Beat, Q2 Guidance Looks Light

Five Below Inc FIVE offered first-quarter earnings and sales Thursday afternoon, and also gave insight into the company's second quarter and fiscal year.

Five Below highlighted the quarter as the company's tenth consecutive year of sequential same-store sales growth.

The company topped analyst estimates on both the top and bottom lines:

• EPS of $0.12 vs an analyst consensus estimate of $0.10
• sales of $192.7 million, compared to a sell-side expectation of $188 million
• comps growht of about 3 percent.

Five Below said second-quarter sales are expected in the $216 million to $219 million range, which compares to a $219 million analyst estimate. Earnings are expected to be in the $0.16-$0.17 per share range, toward the high end of the analyst consensus at $0.17.

The company reaffirmed its previously issued fiscal year 2016 guidance for EPS of $1.27 to $1.37 on sales of $995 million to $1.005 billion. Analysts expect Five Below to report EPS of $1.30 on sales of $1.01 billion.

Five Below shares were last indicated at $43, up about 0.4 percent from Thursday afternoon's close.