Executive Summary

• Five Below reported 1Q19 revenues of $364.8 million, up 23.1% year over year and beating the $364.2 million consensus estimate.
• EPS was $0.46, up 17.1% year over year and beating the consensus estimate by 12 cents.
• Comps increased 3.1%, missing the 3.7% consensus and down from 3.2% in the year-ago quarter.
• The company guided for 2019 revenues of $1.86-1.88 billion, up 20-21% but below the $1.89 billion consensus and for EPS of $3.11-3.18, up 17-19% and above the $3.09 consensus.