Five Below: Fiscal Q2 Earnings Snapshot
PHILADELPHIA (AP) _ Five Below Inc. (FIVE) on Wednesday reported fiscal second-quarter profit of $41.3 million.
On a per-share basis, the Philadelphia-based company said it had profit of 74 cents.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.
The discount retailer posted revenue of $668.9 million in the period, also missing Street forecasts. Eight analysts surveyed by Zacks expected $679.8 million.
For the current quarter ending in October, Five Below said it expects revenue in the range of $600 million to $619 million. Analysts surveyed by Zacks had expected revenue of $634.1 million.
The company expects full-year earnings to be $4.26 to $4.56 per share, with revenue ranging from $2.97 billion to $3.02 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FIVE at https://www.zacks.com/ap/FIVE