- 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