== Five Below (FIVE): CEO Joel Anderson steps down to serve as CEO of Petco Health and Wellness (WOOF)

• Joel Anderson has stepped down from his roles of President and CEO, and from the Board of Directors.
• Co appoints COO Kenneth Bull as interim President and CEO.
• Thomas Vellios, Co-Founder, Non-Executive Chairman and former CEO, is assuming the role of Executive Chairman on an interim basis to support Mr. Bull and the executive leadership team in the transition while the Board conducts a comprehensive search for a permanent CEO.

 

Anderson joined Five Below as CEO in 2015. He led the company's U.S. expansion from 366 to over 1,500 stores and e-commerce site launch, optimized operations, expansion into new categories, and drove revenue growth from $500 million to more than $3.5 billion. 

Anderson previously served for three years as the president and CEO of Walmart.com, leading the business unit from 2011 to 2014. For four years before that, he was divisional senior VP of the Northern Plains division of Walmart stores.

Petco has been on the hunt for a new CEO since March, when Ron Coughlin, stepped down as chief executive, chairman and board member after a disappointing quarter. He had led Petco since June 2018.  

Upon Coughlin’s departure, board member and former longtime Best Buy executive R. Michael Mohan was tapped as interim CEO. Petco said that Mohan will transition from interim chief on July 29 to chair a new board committee focused on Petco's ongoing value creation initiatives, working with Anderson to ensure a smooth leadership transition and continued execution towards the company's objectives. 

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Petco operates more than 1,500 stores  across the U.S., Mexico and Puerto Rico, which offer merchandise, companion animals, grooming, training and a growing network of on-site veterinary hospitals and mobile veterinary clinics.

-=Five Below (FIVE) reported earnings on Thur 6 Dec 18 (b/o)

Five Below beats by $0.03, beats on revs; guides Q4 EPS in-line, revs above consensus; Q3 comps +4.8%

• Reports Q3 (Oct) earnings of $0.22 per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of $0.19; revenues rose 21.6% year/year to $312.8 mln vs the $304.02 mln S&P Capital IQ Consensus;  comparable sales increased by 4.8%.
• Co issues in-line guidance for Q4, sees EPS of $1.53-1.57, excluding non-recurring items, vs. $1.55 S&P Capital IQ Consensus; sees Q4 revs of $593-600 mln vs. $591.21 mln S&P Capital IQ Consensus. based on opening approximately 5 net new stores and assuming a 3% to 4% increase in comparable sales

Earnings this week : Dec 3 - 7, 18 (wk 49)

Earnings confirmed to report this week

Monday (Dec 3)    

• Morning: FNSR
• Afternoon:  COUP MESA RH SMAR

Tuesday (Dec 4)

• Morning:  AZO AVYA BMO BNED CONN DG DCI GMS HDS MOV SECO TOL
• Afternoon: ESTC GWRE HOME HPE HQY MDB MRVL OLLI  OL ZS

Wednesday (Dec 5)
Markets will be closed for the mourning of the 41st US President George H.W. Bush

• Morning: AEO BF.B GIII JW.A LE MOMO SCWX 
• Afternoon: CLDR FIVE GEF HRB KFY  OKTA SNPS  

Thursday (Dec 6)

• Morning:  DLTH GCO GIII HOME HOV HRB KFY KR LE MEI MIK MOMO PDCO PLCE SCWX SIG THO TTC VRNT
• Afternoon:  AOBC AVGO CMTL COO DOCU DOMO LULU SAIC ULTA UNFI ZUMZ

Friday (Dec 7)

• Morning: BIG MTN

=Five Below (FIVE) reported earnings on Wed 6 June 2018 (a/h)

Five Below beats by $0.02, beats on revs; guides JulQ EPS above consensus, revs above consensus; guides FY19 EPS above consensus, revs in-line 

• Reports Q1 (Apr) earnings of $0.35 per share, excluding non-recurring items, $0.02 better thanthe Capital IQ Consensus of $0.33; revenues rose 27.2% year/year to $296.32 mln vs the $291.14 mln Capital IQ Consensus.
  • Same store comps +3.2% vs prior guidance of +3-4%.
• Co issues upside guidance for Q2, sees EPS of $0.36-0.38 vs. $0.34 Capital IQ Consensus Estimate; sees Q2 revs of $332-335 mln vs. $326.97 mln Capital IQ Consensus Estimate. Guides to flat comps.
• Co issues guidance for FY19, sees EPS of $2.42-2.48 vs. $2.41 Capital IQ Consensus Estimate; sees FY19 revs of $1.502-1.517 bln vs. $1.51 bln Capital IQ Consensus Estimate. Guides to comps +1-2%.

=Five Below (FIVE) reported earnings on Thur 30 Nov 2017 (a/h)

Five Below beats by $0.05, beats on revs; guides JanQ EPS above consensus, revs above consensus; OctQ same store comps +8.5% vs prior guidance of +3.5-4.5% 

• Reports Q3 (Oct) earnings of $0.18 per share, $0.05 better than the Capital IQ Consensus of $0.13 and above prior guidance of $0.11-0.13; revenues rose 28.9% year/year to $257.2 mln vs the $246.0 mln Capital IQ Consensus and vs prior guidance of $241-246 mln.
  • OctQ same store comps +8.5% vs prior guidance of +3.5-4.5%.
• Co issues upside guidance for Q4 (Jan), sees EPS of $1.09-1.16 vs. $1.08 Capital IQ Consensus Estimate; sees Q4 revs of $491-503 mln vs. $484.09 mln Capital IQ Consensus Estimate. Co guides to JanQ comps of +4-6%.
• "We are extremely pleased with our third quarter results that exceeded the high end of our sales, comp and earnings outlook. This quarterly performance reflects a strong customer response to our WOW product, incredible price points, differentiated in-store experience and increasingly targeted marketing efforts. With the strength of our year-to-date performance, as well as our quarter-to-date momentum, we are raising our guidance for the year." 

=Five Below (FIVE) reported earnings Thur 1 Dec 2016 (a/h)

The dollar store chain reported third-quarter earnings just above analyst targets. Revenue rose 18% but just missed views. Fourth-quarter guidance was in line with expectations. But management said it was pleased with the start of the holiday shopping season, and had launched an expanded TV advertising campaign. Five Below shares have been working to start up the right side of a four-month consolidation.

=Five Below (FIVE) reported earnings on Wed 31 Aug 2016 (a/h)

Five Below beats by $0.01, reports revs in-line, comps +3.1%; guides OctQ EPS in-line, revs below consensus; guides FY17 EPS in-line, revs in-line :

• Reports Q2 (Jul) earnings of $0.18 per share, $0.01 better than the Capital IQ Consensus of $0.17 and above prior guidance of $0.16-0.17; revenues rose 20.8% year/year to $220.1 mln vs the $219.6 mln Capital IQ Consensus and above prior guidance of $216-219 mln.
• Co issues guidance for Q3 (Oct), sees EPS of $0.09-0.10 vs. $0.10 Capital IQ Consensus Estimate; sees Q3 revs of $199-202 mln vs. $203.9 mln Capital IQ Consensus Estimate.
• Co issues in-line guidance for FY17, sees EPS of $1.28-1.32 vs. $1.31 Capital IQ Consensus Estimate and vs prior guidance of $1.27-1.31; sees FY17 revs of $1.000-1.009 bln vs. $1.01 bln Capital IQ Consensus Estimate and vs prior guidance of $995 mln to $1.005 bln.
• JulQ comps were +3.1% vs prior guidance of +3%.
• Co guides to OctQ comps of +1-2% and full year comps of +3%.

=Five Below (FIVE) reported earnings Thur 2 June 2016 (a/h)

Five Below beats by $0.02, beats on revs; guides Q2 in-line; reaffirms FY17 guidance :

• Reports Q1 (Apr) earnings of $0.12 per share, $0.02 better than the Capital IQ Consensus of $0.10; revenues rose 25.4% year/year to $192.7 mln vs the $187.97 mln Capital IQ Consensus.
  • Comps +4.9% vs. +4% guidance.
• Co issues in-line guidance for Q2, sees EPS of $0.16-0.17 vs. $0.17 Capital IQ Consensus Estimate; sees Q2 revs of $216-219 mln vs. $218.78 mln Capital IQ Consensus; comps +3%.
• Co reaffirms guidance for FY17, sees EPS of $1.27-1.31 vs. $1.30 Capital IQ Consensus Estimate; sees FY17 revs of $995-1.005 bln vs. $1.01 bln Capital IQ Consensus; comps +3%. 
• "This marks our 40th consecutive quarter of positive comparable store sales growth and we delivered a 50% increase in earnings per share driven by our ability to leverage our fixed costs on our strong comp and new store performance."

=Five Below (FIVE) reported earnings on Tue 22 March 2016 (a/h)

Five Below beats by $0.01, reports revs in-line; guides Q1 EPS in-line, revs in-line; guides FY17 EPS in-line, revs below consensus; same store comps +3.6%  :

• Reports Q4 (Jan) earnings of $0.77 per share, $0.01 better than the Capital IQ Consensus of $0.76 and slightly better than the January 7 guidance of $0.75-0.76; revenues rose 23.7% year/year to $326.35 mln vs the $324.37 mln Capital IQ Consensus and vs Jan 7 prior guidance of $323-326 mln.
• Co issues in-line guidance for Q1, sees EPS of $0.09-0.10 vs. $0.10 Capital IQ Consensus Estimate; sees Q1 revs of $186-189 mln vs. $188.61 mln Capital IQ Consensus Estimate.
• Co issues guidance for FY17, sees EPS of $1.27-1.31 vs. $1.31 Capital IQ Consensus Estimate; sees FY17 revs of $995-1005 mln vs. $1.01 bln Capital IQ Consensus Estimate.
• Q4 comparable store sales increased +3.6%.
• "Our successful [Q4 and FY15], particularly the all-important holiday season, was the result of strong execution against the key initiatives we prioritized in 2015. These included continuing to deliver a fresh and compelling merchandise assortment, developing exciting marketing campaigns, successfully opening a new East Coast distribution center and most importantly, building on our strong track record of opening highly productive new stores that generate a less than one year payback on our investment."

=Five Below (FIVE) reported earnings Thur 3 Dec 2015 (a/h)

** charts before earnings **




** charts after earnings **

Five Below beats by $0.01, beats on revs; guides Q4 EPS in-line, revs in-line; co-Founder David Schlessinger has decided to step down from the Board; Daniel Kaufman added to Board :

• Reports Q3 (Oct) earnings of $0.08 per share, $0.01 better than the Capital IQ Consensus of $0.07; revenues rose 23.0% year/year to $169.7 mln vs the $166.6 mln Capital IQ Consensus.
• Co issues in-line guidance for Q4 (Jan), sees EPS of $0.74-0.76 vs. $0.76 Capital IQ Consensus Estimate; sees Q4 revs of $318-323 mln vs. $320.2 mln Capital IQ Consensus Estimate. Guidance is based on +2-3% same store comp guidance.
• Comparable store sales for Q3 increased +4.8% vs prior guidance of +3-4%.
• Co announces that Co-Founder David Schlessinger has decided to step down from the Board of Directors to pursue personal interests. Co names Daniel Kaufman to its Board of Directors. Mr. Kaufman comes to the Five Below Board with more than 20 years of experience at high growth specialty retailers. Currently, he serves as Senior VP, General Counsel and Corporate Secretary of GameStop (GME).

Five Below (FIVE) reported earnings on Wed 2 September 2015 a/h

** charts before earnings **

** after earnings **
Five Below Inc. (FIVE), -8.50% said Wednesday it earned $7.1 million, or 13 cents a share, in the fiscal second quarter, compared with 15 cents a share a year ago. Revenue rose 19.5% to $182.2 million in the quarter, while comparable-store sales rose 3%. The company opened 32 new stores in the quarter to end it with 417 stores, or 18% more than a year ago. Analysts polled by FactSet had expected the teen-oriented retailer to report earnings of 13 cents a share on sales of $185 million. Shares of Five Below dropped as much as 12% in after-hours trading after ending the regular session up 1.4%.