Five Below's holiday sales jump 20% but full-year sales expected to miss Street expectations

Dow Jones2022-01-10

Five Below Inc. stock fell 7.8% in early Monday trading after the retailer said its full-year results are expected to fall below Street expectations. Holiday sales jumped 20% to $870.9 million for the period between October 31, 2021 through January 1, 2022. Comparable sales rose 7.7%. For the fourth quarter, sales are expected to be $985 million to $1.005 billion, comparable sales are expected to rise 2% to 4%, and earnings per share are expected to be $2.36 to $2.48. The FactSet consensus is for sales of $1.005 billion, comparable sales growth of 3.4% and EPS of $2.49. For the full-year, sales are expected to reach $2.837 billion to $2.857 billion, comparable sales growth is expected to be 30% and EPS is expected to be $4.82 to $4.94. The FactSet consensus is for sales of $2.860, comparable sales growth of 33.1% and EPS of $4.96. Five Below stock has fallen 2.5% over the last year while the S&P 500 index has run up 21.2%.

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