- Five Below (NASDAQ:FIVE) jumps 10% AH as the retailer's Q2 results top estimates.
- Revenue jumps 34.9%, comp sales rise 6.6%, and operating income increases 53% (all on a Y/Y basis).
- "We saw solid performance across most of our categories," CEO Thomas Vellios says, adding that he is "extremely pleased with [the] top and bottom line performance."
- Q3 outlook: $0.03-0.04/share on revenue of $107-109M versus consensus of $0.03/share on $109.22 in sales. FY13 outlook: $0.68-0.71/share on revenue of $531-536M versus previous guidance of $0.65-0.68/share on revenue of $524-529M and against consensus of $0.69/share on $535M in sales. FY comps guidance raised to +5% from +4%. (PR)
- UBS' recent upgrade looks prescient.