Discount retailer Five Below (FIVE) reported first-quarter earnings after the closing bell on Wednesday. Earnings per share came in at $0.08, beating the $0.07 analysts polled by Thomson Reuters were looking for. During the same quarter last year, the company reported net income of $0.06. As for revenue, sales stood at $153.7 million, amid estimates of $151.3 million. Last year, Five Below’s sales came in at $126 million, representing a 22 percent increase. As for guidance, the company expects second-quarter earnings per share between $0.12 and $0.13 on sales between $182 million to $185 million. Full-year 2015 net income is expected to range from $1.03 to $1.06 on revenue between $820 million to $828 million. At $34.93, the stock trades at almost 40 times more than its pre-share earnings from last year, according to data provided by Bloomberg. The analysts at MKM Partners, Janney Montgomery Scott, Buckingham Research Group and Sterne Agee CRT maintain a BUY rating on shares of Five Below. The stock has dipped 14 percent since the start of the year. TheStreet’s Scott Gamm reports from New York.
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