Five Below (FIVE) Tops Q4 EPS by 1c, Offers Guidance

Five Below (NASDAQ: FIVE) reported Q4 EPS of $2.49, $0.01 better than the analyst estimate of $2.48. Revenue for the quarter came in at $996.3 million versus the consensus estimate of $1.01 billion.

GUIDANCE:

Five Below sees FY2022 EPS of $5.19-$5.70, versus the consensus of $5.86. Five Below sees FY2022 revenue of $3.16-3.26 billion, versus the consensus of $3.33 billion.

• Net sales are expected to be in the range of $3.16 billion to $3.26 billion based on opening approximately 160 new stores and assuming an approximate flat to 3% increase in comparable sales.
• Net income is expected to be in the range of $292 million to $320 million.
• Diluted income per common share is expected to be in the range of $5.19 to $5.70 on approximately 56.2 million diluted weighted average shares outstanding.

Long-Term Vision and Strategic Outlook:As part of today's Investor Day 2022, the Company is sharing its "Triple-Double" growth vision and long-term targets. Embedded in this vision are the following expectations:

Triple store count to 3,500+ by the end of fiscal 2030
Achieve the following by the end of fiscal 2025:

• Double sales
• More than double EPS
• Grow operating margin to approximately 14%
• Open approximately 1,000 stores:
• 375-400 new stores over the next two fiscal years
• 550-600 new stores over fiscal years 2024 and 2025

For earnings history and earnings-related data on Five Below (FIVE) click here.

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