Executive Summary

• Five Below, Inc. reported 2Q18 EPS of $0.45, up 47.4% year over year and beating the $0.42 consensus estimate. This figure includes a $0.03 benefit from share-based payments. Revenues were $347.7 million, up 22.7% year over year and beating the $334.8 consensus estimate.
• Comps increased 2.7%, beating the consensus estimate of up 0.1%.
• The company raised full-year EPS guidance to $2.51–$2.57 from $2.42–$2.48, revenue guidance to $1.528—$1.540 billion from $1.502–$1.517 billion and comp guidance to +2.5%–3.0% from +1%–2% previously.