Five Below Q4 Adj. Profit Tops View; Issues Q1, FY14 Outlook - Quick Facts

(RTTNews) - Five Below Inc. (FIVE) reported fourth-quarter net income attributable to common shareholders of $24.5 million or $0.45 per share, compared to $18.7 million or $0.35 per share in the year-ago quarter.

Excluding items, adjusted net income for the latest fourth quarter was $25.8 million or $0.47 per share, compared to $21.4 million or $0.39 per share in the prior year quarter. On average, fourteen analysts polled by Thomson Reuters expected the company to earn $0.45 per share. Analysts' estimates typically exclude special items.

Net sales for the latest fourth quarter increased 22.1% to $211.96 million from $173.59 million in the comparable quarter last year, while fourteen analysts had consensus revenue estimate of $207.79 million for the quarter.

Same-store sales for the quarter increased 0.3%.

Looking forward to the first quarter, the company forecast GAAP earnings to be in the range of $0.04 to $0.05 per share, adjusted earnings of $0.05 to $0.06 per share and net sales of $120 million to $122 million. Analysts currently expect the company to earn $0.06 per share on revenue of $120.24 million for the first quarter.

For the fiscal year 2014, the company expects GAAP earnings to be in the range of $0.85 to $0.88 per share, adjusted earnings of $0.86 to $0.89 per share and net sales of $672 million to $678 million. Analysts currently expect the company to earn $0.87 per share on revenue of $673.37 million for fiscal year 2014.