FIVE: Decent Business At A Horrible Price
FIVE: Decent Business At A Horrible Price
Thu, Feb. 4, 11:23 AM
- The retail sector is struggling after Kohl's issues soft guidance and with several reports from store chains (Cato, Zumiez, Fred's) tipping weak January traffic.
- Department store decliners include J.C. Penney (JCP -3.1%), Macy's (M -2.7%), Nordstrom (JWN -5.6%), and Dillard's (DDS -1.3%). While mall names Gap (GPS -1.4%), American Eagle Outfitters (AEO -1.6%), Abercrombie & Fitch (ANF -2.2%), Children's Place (PLCE -3.1%), and Carter's (CRI -1.9%) are also weak compared to the broad market.
- Target (TGT -3%), Costco (COST -2.8%), and Wal-Mart (WMT -1%) are also lower. Earlier today. Costco reported a +1% comp in the U.S. for January.
- Discount-leaning Fred's (FRED -8.7%), Dollar Tree (DLTR -3.1%), Dollar General (DG -1.6%), Big Lots (BIG -3%), Five Below (FIVE -2.9%), TJX Companies (TJX -2.2%), and Ross Stores (ROST -1.2%) are also feeling a pinch.
Wed, Jan. 13, 10:11 AM
Thu, Jan. 7, 4:09 PM
- Five Below (NASDAQ:FIVE) announces sales increased 24% Y/Y to $286.1M during the nine-week holiday period.
- Comparable-store sales were up 4.1%.
- Due to the better-than-expected performance, Five Below raises Q4 revenue guidance to $323M-$326M vs. $320M consensus and sets its EPS view at $0.75-$0.76 vs. $0.75 consensus.
Dec. 16, 2015, 6:44 PM
- Five Below (NASDAQ:FIVE) will replace UIL Holdings (set to merge with Spain's Iberdrola) in the S&P SmallCap 600 after Friday's close.
- Shares have risen to $32.54 after hours in response. They rose 3.4% in regular trading ahead of the news.
Dec. 16, 2015, 5:38 PM
Dec. 4, 2015, 10:29 AM
- Economists think that the combination of a stronger U.S. jobs environment and sub-$2 gas prices could improve some consumer spending habits, although not as much for traditional big box retailers, apparel chains, and electronics stores as for specialty retailers selling lower-end personal care, housing, and decor items. Though middle-income and low-income consumers continue to be thrifty with major purchases (logo apparel, gadgets), there have been signs in recent earnings reports of strength in everyday items such as shampoo, mattresses, and underwear.
- That trend could benefit a variety of chain stores with an U.S. focus including Five Below (NASDAQ:FIVE), Ulta Salon (NASDAQ:ULTA), TJX Companies (NYSE:TJX), Dollar General (NYSE:DG), Ross Stores (NASDAQ:ROST), Kirkland's (NASDAQ:KIRK), Sally Beauty Holdings (NYSE:SBH), Michaels Companies (NASDAQ:MIK), Party City (NYSE:PRTY), and even Mattress Firm (NASDAQ:MFRM).
- The bump in consumer staples spending could provide a lift to Procter & Gamble (NYSE:PG), Kimberly-Clark (NYSE:KMB), and Clorox (NYSE:CLX) as well for the U.S. side of their business.
- Related ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC
Dec. 4, 2015, 8:11 AM
- Five Below (NASDAQ:FIVE) soars in early trading after posting Q3 numbers ahead of estimates.
- Comparable-store sales were up 4.8% during the quarter.
- The company says it's well-positioned for the holidays. Q4 revenue of $318M-$323M is anticipated vs. $320M consensus and Q4 EPS of $0.74-$0.76 vs. $0.76 consensus.
- Previously: Five Below beats by $0.01, beats on revenue (Dec. 03 2015)
- FIVE +9.32% premarket to $30.51.
Dec. 3, 2015, 4:03 PM
- Five Below (NASDAQ:FIVE): Q3 EPS of $0.08 beats by $0.01.
- Revenue of $169.69M (+23.0% Y/Y) beats by $3.09M.
- Shares +11.97%.
Dec. 2, 2015, 5:35 PM
Nov. 30, 2015, 12:55 PM
- It's not a happy Cyber Monday for most retail chain stock on broad concerns over soft store traffic and weak pricing.
- Notable decliners include Guess (GES -5.5%), Express (EXPR -4.6%), Zumiez (ZUMZ -7%), Foot Locker (FL -1.7%), Finish Line (FINL -2.1%), Urban Outfitters (URBN -4.4%), Francesca's (FRAN -2.9%), DSW (DSW -2.7%), and Men's Wearhouse (MW -3.3%).
- Discounters are down sharply, led by Big Lots (BIG -5.4%), Gordmans Stores (GMAN -6%), and Five Below (FIVE -4.3%).
- Big box retailers Wal-Mart (WMT -1.3%), Costco (COST -1.4%), and Target (TGT -1.4%) are lower with concerns over website capabilities lingering in the background. Best Buy (BBY +1.1%) is a bit of a surprise with a 1.4% gain after reports indicate demand for Apple products is exceptionally strong.
- Specialty retailers such as The Container Store (TCS +1.6%), Party City (PRTY +1.2%), and The Michaels Companies (MIK +1.4%) are also retail outliers as consumers are seen spending a higher percentage of their disposable income close to their homes.
- Previously: Retail stocks on watch after Amazon scoops up more Black Friday sales (Nov. 30 2015)
- Previously: Department stores stocks weak on holiday sales anxiety (Nov. 30 2015)
Nov. 16, 2015, 7:02 AM
- Deutsche Bank downgrades Five Below (NASDAQ:FIVE) to a Hold rating after having the stock set at Buy.
- The investment firm is concerned over traffic patterns in the near term,
- DB lowers its price target on Five Below to $30 from $42. Shares closed at $29.08 on Friday and have slipped 0.7% to $28.88 in premarket action today.
Nov. 11, 2015, 1:52 PM
- Discounters are part of the broad sell-off in retail chain stocks.
- Five Below (FIVE -6.9%), Dollar Tree (DLTR -2.5%), and Dollar General (DG -3.8%) are all lower on the day. The three stocks all trail the return of the S&P 500 by a wide margin on the year.
- Concerns over the impact of high inventory levels on promotional activity have picked up this week.
- Previously: Retailers eye inventory levels with Black Friday 17 days away (Nov. 10)
Oct. 28, 2015, 3:33 PM
- Five Below (FIVE -5.7%) slides after Goldman Sach issued a Sell rating after having the stock set at Neutral.
- Goldman cut the price target on the discounter to $30 from $34 on its view new stores won't deliver the productivity implied by consensus EPS estimates for FY15 to FY17.
Sep. 3, 2015, 9:12 AM
Sep. 2, 2015, 5:40 PM
Sep. 2, 2015, 4:18 PM
- Comparable-store sales rose 3.0% at Five Below (NASDAQ:FIVE) in Q2.
- Operating income fell during the quarter due in part to costs tied to a new distribution center.
- Sales were impacted by some testing around pulling a summer circular from its marketing rotation.
- Guidance: Five Below expects full-year EPS of $1.03-$1.06 vs. $1.05 consensus.
- Previously: Five Below EPS in-line, misses on revenue
Five Below, Inc. engages in the shopping business. It offers an assortment of merchandise including sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room décor and storage, stationery and school supplies, video game... More
Sector: Consumer Goods
Industry: Apparel Stores
Country: United States
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