Free Research Report as Five Below's Net Sales Surged 27.2%, EPS Rocketed 680%

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Stock Monitor: Barnes & Noble Education Post Earnings Reporting

LONDON, UK / ACCESSWIRE / July 6, 2018 / If you want access to our free earnings report on Five Below, Inc. (NASDAQ: FIVE), 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 first quarter fiscal 2018 operating and financial results on June 06, 2018. The discount retailer outperformed top- and bottom-line expectations. 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 currently working on the research report for Barnes & Noble Education, Inc. (NYSE: BNED), which also belongs to the Services sector as the Company Five Below. Do not miss out and become a member today for free to access this upcoming report at:

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

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 thirteen weeks ended May 05, 2018, Five Below's net sales surged 27.2% to $296.3 million from $232.9 million in Q1 FY17. The Company's reported numbers beat analysts' estimates of $291.8 million.

During Q1 FY18, Five Below's comparable sales increased by 3.2% on a y-o-y basis, driven by an increase in comparable average ticket with a slight decrease in comparable transactions.

For Q1 FY18, Five Below's gross profit advanced 31.8% to $97.2 million from $73.8 million reported in Q1 fY17. The Company's gross margin increased by approximately 110 basis points (bps) to 32.8% on a y-o-y basis. Five Below's operating income soared 93.3% to $24.7 million, or 8.3% of sales, in Q1 FY18 from $12.8 million, or 5.5% of sales, in Q1 FY17.

Five Below reported Q1 FY18 net income of $21.8 million, or $0.39 per diluted share, compared to $8.4 million or $0.15 per diluted share in Q1 FY17. The Company's reported quarter results included a $0.04 benefit due to the accounting for employee share-based payments. Five Below's reported results surpassed Wall Street's expectations of $0.35 per share.

Cash Matters

As of May 05, 2018, Five Below had with $277 million in cash, cash equivalents and investments and no debt. The Company's inventory at the end of the reported quarter was $215.4 million as compared to $180 million at the end of the year earlier same quarter. At the end of Q1 FY18, Five Below's average per-store inventory was 0.6% higher on a y-o-y basis.

Store Update

During Q1 FY18, Five Below opened 33 new stores and ended the reported quarter with 658 stores in 32 states, reflecting an increase of 105 stores or 19% versus 553 stores at the end of Q1 FY17.

Outlook

For the second quarter of fiscal 2018, Five Below is forecasting net sales to be in the range of $332 million to $335 million based on opening approximately 33 new stores and assuming approximate flat comparable sales. The Company's earnings for the upcoming quarter are expected to be in the range of $20.0 million to $21.2 million, with a diluted income per common share range of $0.36 to $0.38.

For the full year of fiscal 2018, Five Below is projecting net sales to be in the range of $1.502 billion to $1.517 billion based on opening approximately 125 new stores and assuming a 1% to 2% increase in comparable sales. The Company is expecting net income to be in the band of $136.5 million to $139.9 million, with diluted income per common share of $2.42 to $2.48.

Stock Performance Snapshot

July 05, 2018 - At Thursday's closing bell, Five Below's stock slightly fell 0.12%, ending the trading session at $98.12.

Volume traded for the day: 551.86 thousand shares.

Stock performance in the last month - up 24.42%; previous three-month period - up 35.28%; past twelve-month period - up 103.10%; and year-to-date - up 47.95%

After yesterday's close, Five Below's market cap was at $5.63 billion.

Price to Earnings (P/E) ratio was at 47.42.

The stock is part of the Services sector, categorized under the Specialty Retail, Other industry. This sector was up 0.6% at the end of the session.

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