Five Below (FIVE) Q4 EPS Guidance Comes in Light

Five Below, Inc. (NASDAQ: FIVE) today announced net sales results for the quarter-to-date period from November 4, 2018 through January 5, 2019 ("Holiday Period"). The Company announced that net sales for the Holiday Period increased by 24.6% to $526.1 million from $422.3 million in the comparable nine-week period from November 5, 2017 to January 6, 2018. Comparable sales for the Holiday Period increased by 4.9%.

Joel Anderson, President and CEO of Five Below, stated, “We are very pleased with our holiday sales results. We saw continued strong performance from our new stores and comparable sales came in ahead of our expectations. Results were broad-based across many worlds, including Tech, Candy, Create and Sports, where we successfully capitalized on the toy opportunity through an expanded selection of amazing value toys and games. We believe our offering, combined with increased TV advertising, drove traffic. Given our strong quarter-to-date performance and expectations for the remainder of the fourth quarter, we expect to slightly exceed our sales guidance while delivering bottom line performance at the high end of our earnings guidance range.”

The Company’s guidance given on its third quarter earnings call is provided below.

Fourth Quarter Fiscal 2018 Guidance*

• Net sales of $593 million to $600 million
• Comparable sales increase of 3% to 4%
• Diluted income per common share of $1.53 to $1.57 on approximately 56.4 million estimated diluted weighted average shares outstanding

(**Consensus sees Q4 EPS of $1.57 on revenue of $598.26)

Full Year Fiscal 2018 Guidance*

• Net sales of $1.550 billion to $1.557 billion
• Comparable sales increase of 3.3% to 3.7%
• Diluted income per common share of $2.60 to $2.64 on approximately 56.4 million estimated diluted weighted average shares outstanding

*The fourth quarter and full year of fiscal 2017 included one additional week ("53rd week") versus the same periods in the prior year. Net sales and diluted earnings per share in the 53rd week were $15.7 million and $0.03, respectively.

As previously announced, management is scheduled to participate in a fireside chat today at 10:30 a.m. Eastern Time at the 21st Annual ICR Conference. The event will be webcast live at http://investor.fivebelow.com/. An archived replay will be available two hours after the conclusion of the live event.

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