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Dec. 1, 2021, 4:52 p.m. EST

Five Below stock rallies after Q3 earnings, sales beat

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By Claudia Assis

FIVE

Shares of Five Below Inc. /zigman2/quotes/202743941/composite FIVE +1.35% rallied more than 10% in the extended session Wednesday after the discount retailer reported third-quarter results above Wall Street expectations despite "challenging" supply-chain snags. Five Below said it earned $24.2 million, or 43 cents a share, in the quarter, compared with $20.4 million, or 36 cents a share, in the year-ago period. Sales rose 28% to $608 million, the company said, with same-store sales up 15%. Analysts polled by FactSet expected Five Below to report earnings of 29 cents a share on sales of $564 million. Five Below opened 52 new stores and ended the quarter with 1,173 stores in 40 states, a 15% increase in stores from the end of the third quarter of fiscal 2020, the company said. "We delivered record-setting third quarter performance on top of a record third quarter last year," Chief Executive Joel Anderson said in a statement. "These results reflect the phenomenal execution by our teams in a challenging supply-chain environment." Five Below guided for sales between $985 million and $1.005 billion for the fourth quarter, and diluted EPS between $2.36 and $2.48. For the full year, the company said it expects net sales between $2.837 billion and $2.857 billion, and EPS between $4.82 and $4.94. Shares of Five Below ended the regular trading day down 7%.

/zigman2/quotes/202743941/composite
US : U.S.: Nasdaq
$ 170.95
+2.28 +1.35%
Volume: 76,979
Jan. 20, 2022 10:11a
P/E Ratio
36.85
Dividend Yield
N/A
Market Cap
$9.59 billion
Rev. per Employee
$142,660
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