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Five Below (FIVE) 3Q18 Results: Beats Consensus Estimates and Raises Guidance

Executive Summary

  • Five Below reported 3Q18 EPS of $0.24 (including a $0.02 accounting benefit), up 35.3% year over year and beating the $0.19 consensus estimate. Revenues were $312.8 million, up 23.7% year over year and beating the $304.1 million consensus.
  • Comps were 4.8%, beating consensus of 3.7%.
  • The company raised 2018 guidance across the board: for EPS (to $2.60–$2.64 from $2.51–$2.57 previously), comps (to 3.3%–3.7% from 2.5%–3.0% previously) and revenues (to $1.550–$1.557 billion from $1.528–$1.540 billion previously).

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