Five Below, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended January 2, 2021
January 10, 2022 at 09:00 am EST
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Five Below, Inc. provided earnings guidance for the fourth quarter and full year ended January 2, 2021. For the fourth quarter, the company expects net sales of $985 million to $1,005 million or growth of 17.1% at the high end of the range. Comparable sales increase of approximately 2% to 4% and diluted income per common share of $2.36 to $2.48 on approximately 56.4 million estimated diluted weighted average shares outstanding.
For the fiscal year 2021, the company expects net sales of $2,837 million to $2,857 million or growth of 45.6% at the high end of the range. Comparable sales increase of approximately 30% and diluted income per common share of $4.82 to $4.94 on approximately 56.4 million estimated diluted weighted average shares outstanding.
Five Below, Inc. is a specialty value retailer offering merchandise targeted at the tween and teen demographic. Its assortment of products, including select brands and licensed merchandise. It is engaged in offering a group of products, including leisure, fashion and home, and snack and seasonal. Leisure includes items, such as sporting goods, games, toys, tech, books, electronic accessories, arts and crafts, and party. Fashion and home include items, such as personal accessories, attitude t-shirts, beauty offerings, home goods and storage options. Snack and seasonal include items, such as seasonal goods, greeting cards, candy and other snacks, and beverages. It also offers its merchandise on the Internet, through its fivebelow.com e-commerce Website, offering home delivery and the option to buy online and pick up in store. It also sells its merchandise through on-demand third-party delivery services to enable its customers to shop online and receive convenient delivery.