Tag Archives: Five Below

Five Below Springs Forward with 6 New Michigan Stores

By Business Wirevia The Motley Fool

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Five Below Springs Forward with 6 New Michigan Stores

PHILADELPHIA–(BUSINESS WIRE)– Five Below, Inc. (NASDAQ: FIVE), the leading retailer of extreme-value merchandise for teens and pre-teens, will expand its presence in Michigan by launching six new stores on April 12, 2013. Five Below‘s recent track record of successful openings in Michigan, combined with strategic real estate opportunities, is fueling the growth. The six new stores will add to Five Below‘s current 18 Michigan locations and bring its selection of trend-right, high-quality merchandise to new parts of western Michigan.

“Our Michigan customers have voted, and they’ve shown tremendous enthusiasm for Five Below‘s brand-name, trend-right merchandise for teens, pre-teens, and shoppers of all ages,” said Tom Vellios, CEO and co-founder of Five Below. “In opening these six stores, we’ll create new opportunities for local Michigan communities to find a dynamic assortment of tech, fashion, beauty, crafts, and seasonal must-haves, all priced at $1 to $5.”

The six stores will open in the following locations:

  • Fairplain Plaza at 970 E. Napier Ave., Benton Harbor, Mich.
  • Maple Hill Mall at 5210 West Main St., Kalamazoo, Mich.
  • Meridian Towne Center at 4904 Marsh Rd., Okemos, Mich.
  • West Valley at 3435 Tittabawassee Rd., Saginaw, Mich.
  • Crossings at Taylor at 23853 Eureka Rd., Taylor, Mich.
  • Waterside Marketplace at 50579 Waterside Dr., Chesterfield Township, Mich.

To celebrate the grand opening of the new stores, each new Five Below location will give away a free Five Below t-shirt with any purchase to the first 300 customers through Friday, Saturday, and Sunday, April 12 to 14, and one customer will win a $100 shopping spree. Five Below will kick off opening weekend on Friday and Saturday with five-cent hot dogs and a number of other contests and giveaways.

The new stores will be open on Monday through Saturday from 10 a.m. to 9 p.m. and on Sunday from 11 a.m. to 6 p.m.

Five Below operates in 19 states, from New Hampshire to Georgia along the East Coast to Illinois and Missouri in the Midwest. Five Below‘s plan to open up to 60 new stores in 2013 will bring the number of locations to approximately 300.

…read more

Source: FULL ARTICLE at DailyFinance

Why the Dow's Energy Giants Fell on a Double-Record Day

By Dan Caplinger, The Motley Fool

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The long-awaited reunion of stock market benchmarks at record-high levels finally happened today, as the S&P 500 joined the Dow Jones Industrials in climbing above its former 2007 highs. Continuing positive economic data on the domestic front outweighed any concerns about the global economic situation, and the markets finished near their highs of the day, with the Dow gaining 52 points, and the S&P climbing six points, to 1,569.

Most of the Dow’s component stocks advanced, but one weak spot was energy. Even though oil prices rose more than $0.50, to climb above $97 per barrel, both Chevron and ExxonMobil posted losses on the day, with most of the declines coming at the very end of the trading day.

Chevron suffered the bigger loss, falling more than 1% on critical comments from the governor of Utah over multiple spills from ruptured pipelines within the state over the past several years. The potential liability involved in the most recent Willard Bay State Park spill is likely insubstantial for the company, but the episode highlights the many environmental concerns over increased pipeline-building and drilling activity.

Exxon fell 0.5% on similarly sparse news, with the company saying that its chemical subsidiary would license technology to South African energy giant Sasol for a polyethylene plant in Louisiana. But the end-of-day move for both stocks looks more like what you’d see from an institutional rebalancing of portfolios geared to de-emphasize energy stocks.

Beyond the Dow, Five Below fell more than 3% as it gave negative guidance for its current quarter in its quarterly report last night. Despite having seen good success in its low-price under-$5 business model, Five Below said that options granted to the company’s founders would result in some tax-related expenses that would hurt earnings per share, and it also projected sales below expectations.

Finally, Boyd Gaming fell 4.5%. Despite the potential boon from the legalization of New Jersey gambling, Boyd still faces a tough overall environment in the gaming industry. Even if the economy starts to pick up, heavy competition on the domestic gaming front will require Boyd to keep fighting hard to get and keep patrons coming into its casinos.

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The article Why the Dow’s Energy Giants Fell on a Double-Record Day originally appeared on Fool.com.

Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley …read more
Source: FULL ARTICLE at DailyFinance

Five Below Posts Rise in Q4 Revenues, Net

By Eric Volkman, The Motley Fool

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Five Below‘s  results for the company’s fiscal Q4 and 2012 have been unveiled. For the quarter, net sales came in at $174 million, up from the $126 million in the same period the previous year. Attributable net profit advanced much more sharply, landing at $18.7 million ($0.35 per diluted share), for a more than six-fold increase over the Q4 2011 bottom line of $2.8 million ($0.17).

Those results were slightly skewed by the fact that the retailer’s Q4 2012 had 14 weeks, while the tally was 13 for the same quarter of 2011.

For the full year, top line was $419 million, significantly higher than 2011’s $297 million. But the company plunged to an attributable net loss of $45 million ($1.28 per diluted share), from a token profit of approximately $56,000 the year before.

Five Below also provided forward guidance. For its current Q1 2013, net sales are anticipated to be $92 million-$94 million, with diluted EPS coming in at $0.00-$0.01. Those figures for the entirety of fiscal 2013 are expected to be $516 million-$521 million, and $0.56-$0.59, respectively.

The article Five Below Posts Rise in Q4 Revenues, Net originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Five Below. The Motley Fool has no position in Five Below. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Dow Jones May Slip on Euro Fears

By Roland Head, The Motley Fool

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LONDON — Stock index futures at 7 a.m. EDT indicate that the Dow Jones Industrial Average may open 0.35% lower this morning after closing at a new high last night, while the S&P 500 may open down by 0.37% after closing within two points of its all-time high yesterday. As the S&P 500 approaches record levels, the CNN Fear & Greed Index has also moved higher, closing at 76 yesterday in a return to “extreme greed” territory.

In Europe, protests continue in Cyprus as the country’s central bank governor says its banks will open tomorrow with new capital restrictions in place. Italian markets moved lower after yet another set of negotiations failed to produce a coalition to govern the country. Italy has been without an effective government since elections were held at the end of February, and a new round of elections now looks increasingly likely.

In the U.K., the Bank of England said U.K. banks needed to raise a further $38 billion to meet capital shortfalls and cover potential loan losses. The report did not specify which banks were affected, but Lloyds Banking Group and Barclays moved higher after the announcement, which was lower than a previous $90 billion estimate. Revised GDP figures showed that the U.K. economy expanded by just 0.2% in 2012, less than the 0.3% previously reported. Both the British and French economies shrank by 0.3% in the final quarter of 2012.

In the U.S., investors will be looking ahead to February pending-home-sales figures, which are due at 10 a.m. EDT. Consensus forecasts suggest that sales may have fallen by 0.5% in February after rising by 4.5% in January. Also of interest may be the EIA weekly petroleum status report, due at 10:30 a.m. EDT.

Companies due to report before the opening bell today include UniFirst, which is expected to report earnings of $1.13 per share. Companies due to report after markets close today include Paychex, Red Hat, Texas Industries, SYNNEX, HB Fuller, Steelcase, Five Below, and PVH. SAIC stock could also be actively traded this morning after the technical-services provider announced a $1 special dividend in its full-year results, which were published after markets closed last night. SAIC shares moved 4.2% higher in after-hours trading last night.

Finally, let’s not forget the Dow’s daily movements can add up to serious long-term gains. Indeed, Warren Buffett recently wrote, “The Dow advanced from 66 to 11,497 in the 20th Century, a staggering 17,320% increase that materialized despite four costly wars, a Great Depression and many recessions.” If you, like Buffett, are convinced of the long-term power of the Dow, you should read “5 Stocks To Retire On.” Your long-term wealth could be transformed, even in this uncertain economy. Simply click here now to download this free, no-obligation report.

The article Dow Jones May Slip on Euro Fears originally appeared on Fool.com.


Roland Head has no position in …read more
Source: FULL ARTICLE at DailyFinance

Five Below Earnings: An Early Look

By Dan Caplinger, The Motley Fool

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Earnings season is just about over, with almost all companies already having reported their quarterly results. But there are still a few companies left to report, and Five Below is about to release its quarterly earnings. The key to making smart investment decisions with stocks releasing their quarterly reports is to anticipate how they’ll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you’ll be less likely to make an uninformed knee-jerk reaction to news that turns out to be exactly the wrong move.

The teen and preteen retail market is a tough place to be, with fickle customers moving quickly from one hot trend to the next without building much loyalty along the way. But Five Below hopes to tap the success of the dollar-store retail trend and adapt it to accessories and other merchandise, keeping prices of all of its products at $5 or less. Let’s take an early look at what’s been happening with Five Below over the past quarter and what we’re likely to see in its quarterly report on Wednesday.

Stats on Five Below

Analyst EPS Estimate

$0.38

Change From Year-Ago EPS

153%

Revenue Estimate

$170.2 million

Change From Year-Ago Revenue

35%

Earnings Beats in Past 2 Quarters Since IPO

2

Source: Yahoo! Finance.

Will Five Below give investors what they want this quarter?
Analysts have stuck by their original estimates on Five Below‘s earnings in recent months, keeping their calls unchanged both for the just-ended holiday quarter and the full 2014 fiscal year. The stock, though, has rocketed higher, jumping 25% since mid-December.

We’ve already received some positive signs about Five Below’s holiday quarter, as the company released early guidance back in January. With an increase in its anticipated ranges for revenue and earnings, Five Below said that same-store sales rose 4.2% for the first 11 weeks of the quarter. Even though existing major shareholders took the opportunity to announce a secondary offering of 8.1 million shares, the stock rallied in response.

The key to Five Below‘s success is capitalizing on cash-strapped kids. Dollar Tree and Family Dollar established the success of that business model in general merchandise retail, one-upping behemoth discounters with their deeper-discount strategy and gaining market share during the recession and slow recovery over the past several years. Similarly, Five Below hopes to grab share from privately held competitors Claire’s Stores and Forever 21 as young customers seek to economize.

In its quarterly report, watch for Five Below to discuss its expansion plans into Texas. With expectations to open 15 stores in the Lone Star State, Five Below believes that the strong Texas economy should translate into strong sales there. If it’s right, then Five Below could be entering another big growth spurt.

The retail space is in the midst of the biggest paradigm …read more
Source: FULL ARTICLE at DailyFinance