Five Below Q3 Adj. Profit Tops View; Lifts FY13 Outlook - Quick Facts

(RTTNews) - Five Below Inc. (FIVE) reported third-quarter net income attributable to common shareholders of $1.7 million or $0.03 per share, compared to $0.7 million or $0.01 per share in the year-ago quarter.

Excluding items, adjusted net income for the latest third quarter was $2.6 million or $0.05 per share, compared to $1.6 million or $0.03 per share in the prior year quarter. On average, fourteen analysts polled by Thomson Reuters expected the company to earn $0.05 per share. Analysts' estimates typically exclude special items.

Net sales for the latest third quarter increased 27.9% to $110.75 million from $86.59 million in the comparable quarter last year, while thirteen analysts had consensus revenue estimate of $112.07 million fo9r the quarter.

Same-store sales for the quarter increased 9.0%.

Looking forward to the fourth quarter, the company forecast GAAP earnings to be in the range of $0.48 to $0.50 per share, adjusted earnings of $0.49 to $0.51 per share and net sales of $214 million to $217 million. Analysts currently expect the company to earn $0.52 per share on revenue of $218.31 million for the fourth quarter.

For the fiscal year 2013, the company expects GAAP earnings to be in the range of $0.62 to $0.64 per share, adjusted earnings of $0.70 to $0.72 per share and net sales of $538 million to $541 million. Analysts currently expect the company to earn $0.73 per share on revenue of $543.03 million for fiscal year 2013.

Earlier, the company expected GAAP earnings to be in the range of $0.60 to $0.63 per share, adjusted earnings of $0.68 to $0.71 per share and net sales of $531 million to $536 million.