Originally published at www.seclive.com
Filing in Focus: Five Below 8-K, March 25, 2014
Five Below, Inc. (NASDAQ:FIVE) announced its fourth quarter and full-year financial results for the 2013 fiscal year, beating analyst expectations. The teen and pre-teen discount retailer beat analyst expectations of $207.8M in revenue and $0.45 earnings per share with revenue of $212M and $0.47 earnings per share. Last year's results had an extra week, with earnings of $18.7M and $0.35 per share while this quarter was $24.5M and the already-mentioned $0.47 per share. The company expects to open 25 new stores during the year and is forecasting earnings between $0.86 and $0.89 per share with revenue between $672M and $678M. CEO Thomas Vellios remarked that the company is pleased with its improving trends, despite adverse weather impacts to operations.
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