World News: 13:00 GMT Monday 14th January 2019. [Five Below, Inc. via Globe Newswire via SPi World News]
PHILADELPHIA, PA, Jan. 14, 2019 (GLOBE NEWSWIRE) -- Five Below, Inc. (NASDAQ: FIVE) (“Five Below” or the “Company”) today announced net sales results for the quarter-to-date period from November 4, 2018 through January 5, 2019 ("Holiday Period"). The Company announced that net sales for the Holiday Period increased by 24.6% to $526.1 million from $422.3 million in the comparable nine-week period from November 5, 2017 to January 6, 2018. Comparable sales for the Holiday Period increased by 4.9%.
Joel Anderson, President and CEO of Five Below, stated, “We are very pleased with our holiday sales results. We saw continued strong performance from our new stores and comparable sales came in ahead of our expectations. Results were broad-based across many worlds, including Tech, Candy, Create and Sports, where we successfully capitalized on the toy opportunity through an expanded selection of amazing value toys and games. We believe our offering, combined with increased TV advertising, drove traffic. Given our strong quarter-to-date performance and expectations for the remainder of the fourth quarter, we expect to slightly exceed our sales guidance while delivering bottom line performance at the high end of our earnings guidance range.”
The Company’s guidance given on its third quarter earnings call is provided below.
As previously announced, management is scheduled to participate in a fireside chat today at 10:30 a.m. Eastern Time at the 21st Annual ICR Conference. The event will be webcast live at . An archived replay will be available two hours after the conclusion of the live event.
Globe Newswire: 13:00 GMT Monday 14th January 2019
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