Five Below (FIVE) Tops Q1 EPS by 1c, Offers Guidance

Five Below (NASDAQ: FIVE) reported Q1 EPS of $0.07, $0.01 better than the analyst estimate of $0.06. Revenue for the quarter came in at $126 million versus the consensus estimate of $121.91 million. Comps increased 6.2%.

Five Below sees FY2014 revenue of $675-681 million, versus the consensus of $680.11 million.

Five Below sees Q2 2014 revenue of $150-152 million, versus the consensus of $151.70 million.

Second Quarter and Fiscal 2014 Outlook:

For the second quarter of fiscal 2014, net sales are expected to be in the range of $150 million to $152 million based on opening 27 new stores and assuming a 3% to 4% increase in comparable store sales. GAAP net income is expected to be in the range of $6.8 million to $7.3 million, with a GAAP diluted income per common share range of $0.12 to $0.13 on approximately 54.7 million estimated diluted weighted average shares outstanding.

For fiscal 2014, net sales are expected to be in the range of $675 million to $681 million based on opening 62 new stores for the full year and assuming a 4% increase in comparable store sales. GAAP net income is expected to be in the range of $46.6 million to $48.2 million, with a GAAP diluted income per common share of $0.85 to $0.88 on approximately 54.7 million estimated diluted weighted average shares outstanding. Excluding $0.5 million, or $0.01 per adjusted diluted share in tax-effected expenses related to the founders' transaction, adjusted net income is expected to be in the range of $47.1 million to $48.7 million, or $0.86 to $0.89 per diluted share based on estimated adjusted diluted weighted average shares outstanding of approximately 54.8 million.

For earnings history and earnings-related data on Five Below (FIVE) click here.

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