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Five Below updates guidance ahead of ICR

Jan. 09, 2017 8:54 AM ETFive Below, Inc. (FIVE) StockBy: Clark Schultz, SA News Editor
  • Five Below (NASDAQ:FIVE) announces that holiday period sales increased 18.0% to $349.3M.
  • Comparable sales for the period rose 0.5%.
  • "After a solid start to the holiday season, we experienced softness in mid-December, including Super Saturday, with sales accelerating later in the holiday season, ' says CEO Joel Anderson.
  • The company now sees Q4 EPS of $0.88 to $0.89 vs. $0.91 consensus.
  • For FY16, sales are now expected to fall in a range of $998M-$1.00B. EPS of $1.28 to $1.29 is forecast vs. $1.29-$1.32 prior and $1.31 consensus.
  • FIVE -1.54% premarket to $39.11.
  • #ICR17
  • Source: Press Release

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