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Five Below Clocks 16% Top-Line Growth In Q4; Provides Q1, FY22 Outlook Below Consensus

Published 30/03/2022, 15:47
© Reuters. Five Below Clocks 16% Top-Line Growth In Q4; Provides Q1, FY22 Outlook Below Consensus
FIVE
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  • Five Below Inc (NASDAQ: FIVE) reported fourth-quarter FY21 sales growth of 16.1% year-on-year, to $996.33 million, missing the consensus of $1.01 billion. Comparable sales increased by 3.4% versus last year.
  • The gross profit rose by 16.4% Y/Y to $396.8 million with a margin of 39.8%.
  • The operating margin was 18.8%, and operating income for the quarter rose 10.6% to $187.6 million.
  • The company held $342 million in cash and equivalents as of January 29, 2022.
  • EPS of $2.49 beat the analyst consensus of $2.48.
  • The company opened 17 new stores and ended the quarter with 1,190 stores in 40 states, representing a 16.7% Y/Y increase.
  • Outlook: Five Below sees Q1 sales of $644 million - $658 million, missing the consensus of $686.64 million and EPS of $0.54 - $0.62, below the consensus of $0.89.
  • The company expects FY22 sales of $3.16 billion - $3.26 billion, below the Street view of $3.33 billion. It sees FY22 EPS of $5.19 - $5.70, below the consensus of $5.86.
  • Price Action: FIVE shares are trading lower by 1.62% at $168.61 on the last check Wednesday.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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