Five Below Triples Quarterly Profit

Sep. 10, 2013 9:48 AM ETFIVE
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Contributor Since 2013

Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.

Originally published at www.seclive.com

Filing in Focus: Five Below 8-K, September 9, 2013

Five Below, Inc. (FIVE) reported its quarterly profits more than tripled from this quarter a year ago to $4.1M. Company sales increased 35% to $117.1M while its profit jumped from $1.2M to $4.1M. Five Below's previous annual guidance was an earnings per share range of $0.65 to $0.68, with sales between $524M and $529M. The company increased its guidance to between $0.68 and $0.71 earnings per share on sales of $531M to $536M. Five Below beat its own expectations all-around, including same-store sales predictions, which increased to 5.4%, beating the 4% to 5% expectation. CEO Thomas Vellios remarked that the company had a strong quarter across nearly all of its product lines and has opened more than half of the 60 planned new stores for 2013.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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