Five Below Posts Q1 Profit, Raises Guidance
Results for Five Below's Q1 were released this week, showing net sales were sharply higher at $96 million, compared to the $72 million the firm posted in the same period the previous year, a 33% increase.
Net income veered into the black over that time frame, landing at $1.6 million ($0.03 per diluted share) from Q1 2012's loss of $1.2 million ($0.32). For this most recent quarter, analysts had been expecting revenue of just over $94 million and EPS of $0.04.
Five Below also revised upward its quarterly and annual guidance. For its current Q2, net sales are anticipated to be $112 million-$114 million, with adjusted EPS coming in at $0.08-$0.09. Those figures for the entirety of fiscal 2013 are now expected to be $524 million-$529 million and $0.65-$0.68, respectively.
The article Five Below Posts Q1 Profit, Raises Guidance originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Five Below. Nor does The Motley Fool. 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.
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