Specialty retailer Five Below (FIVE) is fluctuating after-hours after the company topped analysts’ fourth-quarter earnings and revenue expectations, but provided forward looking guidance that was below expectations.
The Philadelphia-based company reported fourth-quarter earnings of $1.58 per share on revenue of $602.7 million. Analysts were expecting the company to report earnings of $1.57 per share on revenue of $602 million.
However, first-quarter 2019 earnings guidance between 32 cents a share and 35 cents a share, missed analyst guidance of 39 cents per share for the period. Revenue is expected to range between $361 million and $366 million vs. Wall Street expectations of $363.4 million.
“As we look ahead to 2019, we are focused on elevating our customer experience, delivering even better WOW products, and further enhancing our supply chain as we innovate across the organization,” said CEO Joel Anderson. “We are excited to continue our high growth with a record number of new store openings and remain confident in our 20/20 through 2020 goals and our ability to reach our 2,500+ U.S. store potential.”
Five Below shares closed Wednesday’s session up 2%. The stocks was mixed in after-hours action.