Five Below (FIVE) Q4 Earnings Beat Estimates, Increase Y/Y
Zacks Investment Research | Mar 18, 2020 10:23PM ET
Five Below, Inc. (NASDAQ:FIVE) reported fourth-quarter fiscal 2019 results, wherein the top line met the Zacks Consensus Estimate, while the bottom line surpassed the same. Notably, both net sales and earnings per share improved year over year.
However, this specialty value retailer witnessed a decline in comparable sales. Management had earlier informed that six fewer shopping days between Thanksgiving and Christmas hurt comparable sales performance.
Certainly, the company remain concerned about the coronavirus outbreak, and in response it has decided to keep stores closed from today evening till March 31st. This Zacks Rank #3 (Hold) company also decided not to provide first quarter or fiscal 2020 view.
The company’s commitment toward enhancing customer experience via refresh store format, remodel program and Ten Below test is commendable. Moreover, it has been focusing on enhancing merchandise assortment, improving supply chain, strengthening digital capabilities, delivering better WOW products and reimagined front-end.
Let’s Delve Deeper
The quarterly earnings of $1.97 per share, improved 23.9% from $1.59 reported in the year-ago period. The company highlighted that the fourth quarter of both fiscal 2019 and fiscal 2018 include benefit from share-based accounting of approximately 1 cent. Excluding the same, earnings came in at $1.96 per share, up 24.1% year over year. The bottom line surpassed the Zacks Consensus Estimate of $1.94.
Meanwhile, net sales grew 14% to $687.1 million from the year-ago quarter, and came in line with the Zacks Consensus Estimate.
Comparable sales fell 2.2% during the quarter under review following an increase of 2.9% in the preceding period and 4.4% in the year-ago quarter. The company registered 3.6% decline in comp transactions, partly offset by 1.4% rise in comp average ticket.
Five Below, Inc. Price, Consensus and EPS Surprise
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