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Five Below fiscal Q1 profit climbs 93.8% YOY

Five Below Inc. said its normalized net income for the fiscal first quarter ended May 3 was 6 cents per share, compared with the S&P Capital IQ consensus estimate of 6 cents per share.

EPS increased 90.6% year over year from 3 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.2 million, an increase of 93.8% from $1.7 million in the prior-year period.

The normalized profit margin climbed to 2.6% from 1.8% in the year-earlier period.

Total revenue rose 31.8% year over year to $126.0 million from $95.6 million, and total operating expenses climbed 30.7% from the prior-year period to $120.7 million from $92.4 million.

Reported net income rose from the prior-year period to $3.3 million, or 6 cents per share, from $1.6 million, or 3 cents per share.