Five Below Posts Rise in Q4 Revenues, Net
Five Below's results for the company's fiscal Q4 and 2012 have been unveiled. For the quarter, net sales came in at $174 million, up from the $126 million in the same period the previous year. Attributable net profit advanced much more sharply, landing at $18.7 million ($0.35 per diluted share), for a more than six-fold increase over the Q4 2011 bottom line of $2.8 million ($0.17).
Those results were slightly skewed by the fact that the retailer's Q4 2012 had 14 weeks, while the tally was 13 for the same quarter of 2011.
For the full year, top line was $419 million, significantly higher than 2011's $297 million. But the company plunged to an attributable net loss of $45 million ($1.28 per diluted share), from a token profit of approximately $56,000 the year before.
Five Below also provided forward guidance. For its current Q1 2013, net sales are anticipated to be $92 million-$94 million, with diluted EPS coming in at $0.00-$0.01. Those figures for the entirety of fiscal 2013 are expected to be $516 million-$521 million, and $0.56-$0.59, respectively.
The article Five Below Posts Rise in Q4 Revenues, Net originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Five Below. The Motley Fool has no position in Five Below. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.