Five Below, Inc. Announces Third Quarter Fiscal 2020 Financial Results
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Five Below (FIVE) Tops Q3 EPS by 16c, Revenues Beat
December 2, 2020 4:02 PM ESTFive Below (NASDAQ: FIVE) reported Q3 EPS of $0.36, $0.16 better than the analyst estimate of $0.20. Revenue for the quarter came in at $476.6 million versus the consensus estimate of $446.01 million.
For the third quarter ended October 31, 2020:
Net sales increased by 26.3% to $476.6 million from $377.4 million in the third quarter of fiscal 2019; comparable sales increased by 12.8%.The Company opened 36 new stores and ended the quarter with 1,018 stores in 38 states. This represents an increase in stores of 13.9% from the end of the third quarter of fiscal 2019.Operating income... More