(FIVE) – Five stocks below slide on mixed second quarter results

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  • Five Below Inc (NASDAQ: FIVE) reported sales growth of 51.7% year-on-year in the second quarter of fiscal 21, to $ 646.55 million, and 54.9% from the second quarter of fiscal year 19, narrowly missing the analyst consensus of $ 646.93 million.
  • Comparable sales increased 39.2% from a year ago and 21% from the second quarter of FY19.
  • The total number of stores in the quarter increased 14.2% year-on-year.
  • Gross profit increased 64.7% year-on-year to $ 230.3 million with a profit margin of 35.6%
  • The operating margin was 13.3%, and operating profit for the quarter increased 160.4% year-over-year to $ 86.2 million. Operating profit increased by 139% compared to Q2 2019.
  • The company held $ 126.2 million in cash and cash equivalents as of July 31, 2021.
  • Cash flow from operating activities for the six-month period totaled $ 148.8 million.
  • EPS of $ 1.15 beat analyst consensus of $ 1.11.
  • “We are innovating in our three key strategic priorities: product, experience and supply chain, where teams work diligently to mitigate the impact of global disruptions,” said CEO Joel Anderson.
  • Outlook: Five Below is forecasting third-quarter sales of $ 550 million to $ 565 million against a consensus of $ 550.25 million.
  • The company expects third-quarter EPS of $ 0.23 to $ 0.30 compared to the consensus of $ 0.27.
  • Price action: FIVE stocks are trading down 8.45% to $ 197.80 in pre-market during the last check on Thursday.


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