PHILADELPHIA (AP) _ Five Below Inc. (FIVE) on Wednesday reported fiscal fourth-quarter earnings of $89.3 million.
The Philadelphia-based company said it had profit of $1.59 per share. Earnings, adjusted for non-recurring gains, came to $1.58 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.
The discount retailer posted revenue of $602.7 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $601.7 million.
For the year, the company reported profit of $149.6 million, or $2.66 per share. Revenue was reported as $1.56 billion.
For the current quarter ending in May, Five Below said it expects revenue in the range of $361 million to $366 million. Analysts surveyed by Zacks had expected revenue of $364.4 million.
The company expects full-year earnings to be $3 to $3.07 per share, with revenue ranging from $1.87 billion to $1.89 billion.
Five Below shares have risen 17 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $120, a rise of 72 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FIVE at https://www.zacks.com/ap/FIVE