2023-03-15 16:03:46 ET
- Five Below press release ( NASDAQ: FIVE ): Q4 GAAP EPS of $3.07 in-line.
- Revenue of $1.12B (+12.4% Y/Y) beats by $10M .
- Q4 Comparable Sales Increase of 1.9%
- The Company opened 48 new stores and ended the quarter with 1,340 stores in 42 states. This represents an increase in stores of 12.6% from the end of the fourth quarter of fiscal 2021.
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For the first quarter of fiscal 2023:
- Net sales are expected to be in the range of $723 million to $735 million vs. $730.25M consensus based on opening approximately 25 new stores and assuming an approximate 2.5% to 4% increase in comparable sales.
- Net income is expected to be in the range of $33 million to $37 million.
- Diluted income per common share is expected to be in the range of $0.59 to $0.65 vs. $0.69 consensus on approximately 56.1 million diluted weighted average shares outstanding.
For the full year of fiscal 2023:
- Net sales are expected to be in the range of $3.49 billion to $3.59 billion based on opening 200 new stores and assuming an approximate 1% to 4% increase in comparable sales.
- Net income is expected to be in the range of $295 million to $323 million.
- Diluted income per common share is expected to be in the range of $5.25 to $5.76 on approximately 56.1 million diluted weighted average shares outstanding.
- The 53rd week is expected to contribute approximately $40 million in sales and approximately $0.08 in diluted income per common share.
- Gross capital expenditures are expected to be approximately $325 million in fiscal 2023.
For further details see:
Five Below GAAP EPS of $3.07 in-line, revenue of $1.12B beats by $10M