September 9, 2013 4:21 PM | 2 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NASDAQ: FIVE), which closed up nearly four percent this afternoon, is up more than 10 percent after reporting its second-quarter results.Five Below's Q2 EPS of $0.11 is $0.02
above Wall Street's estimate of $0.09. The company's earnings per share were up 175 percent from the same quarter in 2012.Revenue came in at $117.10 million (a 35 percent increase year-over-year), beating Wall Street's estimate of $112.7 million."We are extremely pleased with our top and bottom line performance in the second quarter which once again illustrates the strong fundamentals of our business," Thomas Vellios, co-founder, President and CEO, said in a
company release."We saw solid performance across most of our categories reflecting the broad appeal of the Five Below concept, merchandise and value proposition."Through the end of the second quarter, Five Below has opened 32 of its 60 planned 2013 net new stores. Vellios said those outlets are "off to a great start as our concept resonates with customers across new and existing markets.""We are excited about our entry into the state of Texas with four stores opened in Austin during the last weekend of the second quarter, and look forward to the largest grand-opening in our history, with eleven stores slated to open in Dallas on September 12th," Vellios added. "We believe the performance of both our new and existing stores, as well as strong execution by the entire Five Below team, have us well-positioned to deliver on our goals for the year."Five Below expects to report a third-quarter EPS of $107 million to $109 million, which is nearly in-line with Wall Street's estimate of $109.5 million.The company anticipates that full-year sales will fall within the $531 million to $536 million range versus the Street estimate of $535.2 million.Disclosure:
At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at 248-636-1322 or louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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