PHILADELPHIA (AP) — PHILADELPHIA (AP) — Five Below Inc. (FIVE) on Wednesday reported fiscal second-quarter net income of $221.4 million.
The Philadelphia-based company said it had profit of $3.99 per share. Earnings, adjusted for pretax gains, came to $1.68 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The discount retailer posted revenue of $1.26 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.22 billion.
For the current quarter ending in October, Five Below said it expects revenue in the range of $1.21 billion to $1.23 billion.
The company expects full-year earnings in the range of $9.83 to $10.31 per share, with revenue ranging from $5.63 billion to $5.71 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FIVE at https://www.zacks.com/ap/FIVE
