Five Below Q1: sales +13.5%, EPS $0.67; tightens FY2023 ranges

FIVE BELOW, INC

2023-Q1 EPS reported $0.67 revenue$726,247,000

Net sales $726.2M (+13.5% YoY); comparable sales +2.7%; diluted EPS $0.67 vs $0.59 YoY.
Opened 27 new stores; ended Q1 with 1,367 stores in 43 states; plans record 200+ new stores in FY2023.
Q2 FY2023 guidance: net sales $755-765M, diluted EPS $0.80-$0.85.
FY2023 guidance: net sales $3.50-3.57B, diluted EPS $5.31-$5.71; 53rd week adds ~$40M sales.
Gross capex expected ~$335M; 400+ store conversions to Five Beyond prototype planned.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIVE BELOW, INC reported first quarter ended April 29, 2023 results: revenue $726.2 million, net income $37.5 million, EPS $0.67.

Period: first quarter ended April 29, 2023
Revenue: $726.2 million
Net income: $37.5 million
EPS: $0.67
Result: reported results

Exact text from the filing

Inc. (NASDAQ: FIVE) today announced financial results for the first quarter ended April 29, 2023. For the first quarter ended April 29, 2023: • Net sales increased by 13.5% to $726.2 million f rom $639.6 million in the first quarter of fiscal 2022; comparable sales increased by 2.7% ver sus the first quarter of fiscal 2022. • The Company opened 27 new stores and

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FIVE BELOW, INC filing history →

Source: SEC EDGAR

accession 0001177609-23-000012

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