In our weekly “key stocks to watch this week” column that was emailed to subscribers this weekend, we specifically called out Five Below stock (NASDAQ:FIVE) as a stock to watch, as it was a big week potentially for retailers. So what did we learn regarding Five Below stock, as it is now under pressure?
is the latest company to update guidance ahead of its presentation at the ICR Conference.
The retailers announces that sales for the holiday period increased by 27% to $442.6M.
Comparable sales for the holiday period were up 6.7%.
“We are pleased to share that our holiday sales performance was the strongest since our IPO in 2012,” notes CEO Joel Anderson.
“Given our strong quarter-to-date performance and expectations for the remainder of January, we expect to finish the fourth quarter and full year near the high end of our previously provided guidance ranges,” he adds.
Q4 guidance: Sales of $491M to $503M, comparable sales increase of 4% to 6%, EPS of $1.09 to $1.16 vs. $1.17 consensus.
FY17 guidance: Sales of $1.264B to $1.276B, comparable sales increase of 5.7% to 6.5%, EPS of $1.72 to $1.79.