Five Below Shares Slip 5% On Slightly Weak Outlook

Five Below Inc. shares slipped in the extended session after the teen and pre-teen retailer's outlook was a little on the weak side and quarterly results topped Wall Street estimates. Five Below shares fell 5% to $36.95 after hours. The company sees 9 cents to 10 cents a share on revenue of $186 million to $189 million for the first quarter, and $1.27 to $1.31 a share on revenue of $995 million to $1.01 billion for the year. Analysts surveyed by FactSet expect earnings of 10 cents a share on revenue of $188.6 million for the first quarter, and $1.31 a share on revenue of $1.01 billion for the year. The company reported fourth-quarter earnings of 77 cents a share on revenue of $326.4 million. Analysts had forecast earnings of 76 cents a share on revenue of $323.6 million.