Five Below Inc. (FIVE: Quote) announced after the close Tuesday that it proposed a secondary offering of 7,000,000 shares of its common stock.
The company expects to report fourth quarter adjusted EPS of $0.36 to $0.38, up from prior guidance of $0.35 to $0.37. Net sales are expected to be in the range of $169 million to $172 million, compared to previous expectations of $167 million to $170 million. The consensus estimates are for EPS of $0.38 and revenues of $169.12 million.
Five Below rose above Tuesday’s range during the final 90 minutes of trade and closed up by 0.69 at $31.83. The stock is now down 0.83 on 17K shares after the bell.
Click here to receive FREE breaking news email alerts for Five Below Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.comBusiness News