PHILADELPHIA — Five Below Inc. today reported fiscal fourth-quarter net income of $140.2 million.
The company said it had net income of $2.49 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.48 per share.
The discount retailer posted revenue of $996.3 million in the period, which missed Street forecasts. Nine analysts surveyed by Zacks expected $1.01 billion.
For the year, the company reported profit of $278.8 million, or $4.95 per share. Revenue was reported as $2.85 billion.
For the current quarter ending in May, Five Below said it expects revenue in the range of $644 million to $658 million. Analysts surveyed by Zacks had expected revenue of $690.7 million.
The company expects full-year earnings to be $5.19 to $5.70 per share, with revenue ranging from $3.16 billion to $3.26 billion.