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Five Below (FIVE) 1Q18 Results: Another Strong Quarter, Supported by Store Openings and Solid Comp Growth

Executive Summary

  • In 1Q18, Five Below reported a 27.2% increase in net sales year over year and a 3.2% increase in comparable sales. The leveraging of operating costs yielded a 93.3% jump in operating profit.
  • Diluted EPS more than doubled year over year, to $0.39, and was comfortably ahead of the consensus estimate of $0.32.
  • The midpoint of management guidance implies FY18 sales growth of 18.2%.

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