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Free Post Earnings Research Report: Five Below’s Quarterly Sales Surged 30.1%; EPS Advanced 34%

LONDON, UK / ACCESSWIRE / April 24, 2018 / Active-Investors.com has just released a free earnings report on Five Below, Inc. (NASDAQ: FIVE). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FIVE. Five Below reported its fourth quarter and fiscal 2017 operating and financial results on March 21, 2018. The discount retailer achieved positive annual comparable sales for the 12th consecutive year, and also announced its first ever share repurchase program. Additionally, the Company provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Five Below most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=FIVE

Earnings Highlights and Summary

For the fourth quarter ended February 03, 2018, Five Below's net sales surged 30.1% to $504.8 million from $388.1 million in Q4 2016. Excluding the impact of the 53rd week in fiscal 2017, the Company's reported quarter net sales increased 26.0%. Five Below's comparable sales increased 5.9% on a thirteen-week basis for the reported quarter. The Company's net sales topped analysts' estimates of $501.5 million in Q4 2017.

For the fiscal year 2017, Five Below's net sales advanced 27.8% to $1.28 billion compared to $1.00 billion in FY16. Excluding the impact of the 53rd week in fiscal 2017, the Company's net sales increased 26.2%. Five Below's comparable sales increased 6.5% on a fifty-two-week basis and represented 12th consecutive year of positive comparable sales.

During Q4 2017, Five Below's operating income increased 31.2% to $103.5 million from $78.9 million in Q4 2016.

For Q4 2017, Five Below recorded net income of $67.4 million, reflecting an increase of 35.3% compared to $49.8 million in Q4 2016. The Company's diluted income per common share surged 34.4% to $1.21 for the reported quarter compared to $0.90 per diluted share in Q4 2016. The Company's results included a $0.03 benefit due to the adoption of a new accounting standard in fiscal 2017 for employee share-based payments. Five Below's earnings exceeded Wall Street's estimates of $1.17 per share.

For FY17, Five Below's net income was $102.5 million, or $1.84 per diluted share, compared to $71.8 million, or $1.30 per diluted share, in FY16. The Company's earnings included a $0.05 benefit due to accounting for employee share-based payments in FY17.

Store Update

Five Below ended Q4 2017 with 625 stores in 32 states, reflecting an increase of 19.7% on a y-o-y basis. In FY17, the Company opened 103 net new stores compared to 85 net new stores opened in FY16.

Cash Matters

Five Below ended FY17 with approximately $272 million in cash, cash equivalents, and short- and long-term investment securities and no debt. This was an increase of approximately $108 million versus the end of fiscal 2016. The Company's inventory at the end of FY17 was $187 million compared to $154.4 million at the end of FY16. Five Below's ending inventory on a per-store basis increased approximately 1% on a y-o-y basis.

Five Below announced that its Board of Directors has approved a stock repurchase program for up to $100 million of its common shares through March 31, 2021.

Outlook

For the first quarter of fiscal 2018, Five Below is forecasting net sales to be in the range of $290 million to $294 million based on opening approximately 30 new stores and assuming a 3% to 4% increase in comparable sales. The Company's net income for the upcoming quarter is expected to be in the range of $17.4 million to $18.8 million, with a diluted income per common share range of $0.31 to $0.34.

For the full year of fiscal 2018, Five Below is projecting net sales to be in the range of $1.495 billion to $1.510 billion based on opening approximately 125 new stores and assuming a 1% to 2% increase in comparable sales. The Company's net income is expected to be in the band of $132.7 million to $136.3 million in FY18, with a diluted income per common share range of $2.36 to $2.42.

Stock Performance Snapshot

April 23, 2018 - At Monday's closing bell, Five Below's stock marginally dropped 0.60%, ending the trading session at $73.40.

Volume traded for the day: 1.29 million shares.

Stock performance in the last month – up 4.92%; previous three-month period – up 9.95%; past twelve-month period – up 54.01%; and year-to-date – up 10.68%

After yesterday's close, Five Below's market cap was at $4.19 billion.

Price to Earnings (P/E) ratio was at 40.09.

The stock is part of the Services sector, categorized under the Specialty Retail, Other industry.

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