Five Below (FIVE) Tops Q1 EPS by 1c, Boosts FY13 Outlook
(Updated - June 12, 2013 4:32 PM EDT)
Five Below (NASDAQ: FIVE) reported Q1 EPS of $0.05, $0.01 better than the analyst estimate of $0.04. Revenue for the quarter came in at $95.6 million versus the consensus estimate of $94.23 million.
Comps rose 4.2 percent in the quarter.
At the end of the quarter, cash and equivalents were $36.7 million, whiletotal debt was at $34.5 million.
"Our new store opening plans for 2013 got off to a good start with 14 net new stores opened in the first quarter and we are on track for the planned 60 net openings this year," commented CEO Thomas Vellios. "More than half of our new store openings will come in the back half of the year as we cluster the 15 planned openings in the Dallas and Austin metropolitan areas in Texas, which is a new market for us. And finally, we are pleased to announce that our new Olive Branch distribution center, just outside of Memphis, Tennessee, is now fully operational and began shipping to stores in May."
Five Below sees Q213 EPS of $0.08 to $0.09, versus the consensus of $0.08. The company also sees Q213 revenue of $112 million to $114 million, versus the consensus of $109.92 million.
Looking to FY13, Five Below boosted its outlook. The company now sees EPS of $0.65 to $0.68 and revs of $524 million to $529 million, versus prior expectations calling for EPS of $0.62 to $0.65 and revs of $516 million to $521 million. The Street is currently looking for EPS of $0.67 and revs of $530.7 million.
For earnings history and earnings-related data on Five Below (FIVE) click here.
Five Below (NASDAQ: FIVE) reported Q1 EPS of $0.05, $0.01 better than the analyst estimate of $0.04. Revenue for the quarter came in at $95.6 million versus the consensus estimate of $94.23 million.
Comps rose 4.2 percent in the quarter.
At the end of the quarter, cash and equivalents were $36.7 million, whiletotal debt was at $34.5 million.
"Our new store opening plans for 2013 got off to a good start with 14 net new stores opened in the first quarter and we are on track for the planned 60 net openings this year," commented CEO Thomas Vellios. "More than half of our new store openings will come in the back half of the year as we cluster the 15 planned openings in the Dallas and Austin metropolitan areas in Texas, which is a new market for us. And finally, we are pleased to announce that our new Olive Branch distribution center, just outside of Memphis, Tennessee, is now fully operational and began shipping to stores in May."
Five Below sees Q213 EPS of $0.08 to $0.09, versus the consensus of $0.08. The company also sees Q213 revenue of $112 million to $114 million, versus the consensus of $109.92 million.
Looking to FY13, Five Below boosted its outlook. The company now sees EPS of $0.65 to $0.68 and revs of $524 million to $529 million, versus prior expectations calling for EPS of $0.62 to $0.65 and revs of $516 million to $521 million. The Street is currently looking for EPS of $0.67 and revs of $530.7 million.
For earnings history and earnings-related data on Five Below (FIVE) click here.