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Categories AlphaGraphs, Consumer, Retail
Discount store chain Five Below Inc. (NASDAQ: FIVE) reported higher profit and net sales for the final three months of fiscal 2021. Fourth-quarter earnings exceeded the market’s prediction, while sales missed the estimates.
Five Below Q4 2021 earnings infographic
Net sales increased 16.1% year-over-year to $996.3 million in the fourth quarter, supported by a 3.4% growth in comparable-store sales, but the top-line fell short of expectations.
Net profit rose to $140.2 million or $2.49 per share from $123.9 million or $2.20 per share in the fourth quarter of 2020. Analysts had forecast a slower growth.
Read management/analysts’ comments on Five Below’s Q4 earnings
Shares of Five Below have declined 23% since the beginning of the year. The stock opened Wednesday’s session lower and continued to lose in the early trading hours.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
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