Five Below (NASDAQ: FIVE) reported Q3 EPS of $0.18, $0.01 better than the analyst estimate of $0.17. Revenue for the quarter came in at $377.4 million versus the consensus estimate of $373.52 million. Comparable sales increased by 2.9%.

Joel Anderson, President and CEO of Five Below, stated, “We are very pleased with our third quarter performance. Our strong top and bottom line results exceeded our expectations and were driven by continued strength from our new stores as well as broad-based performance across our worlds. We also opened a record 61 stores in diverse markets during the quarter, and have since completed our 150 planned new stores for the year.”

Mr. Anderson continued, “We are ready and excited to deliver a great holiday shopping experience for our customers. We believe our assortment of $1 to $5 items, as well as our new Ten Below Gift Shop section highlighting toys and games, reinforces our position as a go-to destination for holiday stocking stuffers and gifts at unbeatable value. We remain firmly committed to providing extreme value to our customers on fresh, high quality, trend-right products with a fun, differentiated shopping experience.”

GUIDANCE:

Five Below sees Q4 2019 EPS of $1.97-$2.05, versus the consensus of $2.02. Five Below sees Q4 2019 revenue of $717-732 million, versus the consensus of $733.97 million.

Five Below sees FY2019 EPS of $3.11-$3.19, versus the consensus of $3.15. Five Below sees FY2019 revenue of $1.877-1.892 billion, versus the consensus of $1.89 billion.

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