PHILADELPHIA (AP) _ Five Below Inc. (FIVE) on Wednesday reported fiscal second-quarter net income of $28.8 million.
The Philadelphia-based company said it had profit of 51 cents per share. Earnings, adjusted for non-recurring gains, were 50 cents per share.
The results matched Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 50 cents per share.
The discount retailer posted revenue of $417.4 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $422.5 million.
For the current quarter ending in November, Five Below said it expects revenue in the range of $369 million to $374 million. Analysts surveyed by Zacks had expected revenue of $364.4 million.
The company expects full-year earnings to be $3.08 to $3.19 per share, with revenue ranging from $1.87 billion to $1.89 billion.
Five Below shares have climbed 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $118.50, an increase of 3% in the last 12 months.