Five Below Profit Tops Estimates, Lifts FY Guidance; Stock Up 9%

(RTTNews) - Discount retailer Five Below Inc (FIVE) on Wednesday reported first-quarter net earnings of $4.3 million or $0.08 per share compared with $3.1 million or $0.06 per share last year.

Revenues for the quarter were up 22% at $153.7 million compared with $126 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.07 per share on revenues of $151.3 million for the quarter. Analysts' estimates typically exclude special items.

Comparable store sales increased 1.7% in the quarter.

For the second quarter, the company expects earnings of $0.12 to $0.13 per share on revenues of $182 million to $185 million. Analysts expect earnings of $0.12 per share on revenues of $182.3 million.

For the full year 2015, the company now expects earnings of $1.03 to $1.06 per share on revenues of $820 million to $828 million. Earlier it expected earnings of $1.02 to $1.05 per share on revenues of $816 million to $824 million.

Analysts expect earnings of $1.04 per share on revenues of $822.2 million for the year.