Five Below (FIVE), a teen clothing store, saw its stock jump on Thursday following the release of its first-quarter earnings report for 2015.
Five Below announced that its net income for Q1 2015 was $4.28 million, or 8 cents per share. This beat the company’s net income from the same time last year, which was $3.1 million, or 6 cents per share.
Five Below saw its new sales for Q1 2015 increase to $153.7 million from $126 million in Q1 2014. This is a 22% increase and same-store sales also jumped up by roughly 2%.
Five Below’s guidance for the second quarter of 2015 has it expecting earnings of $6.4 million to $7.0 million. Earnings per share are expected to come in between 12 cents and 13 cents. FIVE is predicting net sales between $182 million to $185 million.
For fiscal 2015, Five Below is expecting net income of $56.4 million to $58.2 million with EPS falling between $1.03 to $1.06. Sales are expected to be in between $820 million to $828 million.
FIVE shares were up 8% as of Thursday afternoon.
