Five Below Inc. said its normalized net income for the fiscal third quarter ended Nov. 1 amounted to 6 cents per share, compared with the S&P Capital IQ consensus estimate of 6 cents per share.
EPS climbed 99.5% year over year from 3 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.4 million, a gain from $1.7 million in the year-earlier period.
The normalized profit margin increased to 2.5% from 1.5% in the year-earlier period.
Total revenue rose 24.6% year over year to $138.0 million from $110.7 million, and total operating expenses increased 23.0% year over year to $132.5 million from $107.7 million.
Reported net income grew from the prior-year period to $3.3 million, or 6 cents per share, from $1.6 million, or 3 cents per share.
