Analysts surveyed by Zacks had expected revenue of $634.1 million. Revenue was reported as $3.08 billion.įor the current quarter ending in April, Five Below said it expects revenue in the range of $723 million to $735 million. Eleven analysts surveyed by Zacks expected $1.11 billion.įor the year, the company reported profit of $261.5 million, or $4.69 per share. The discount retailer posted revenue of $1.12 billion in the period, also surpassing Street forecasts.

The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $3.06 per share. The results exceeded Wall Street expectations. The Philadelphia-based company said it had profit of $3.07 per share. on Wednesday reported fiscal fourth-quarter profit of $171.3 million. The business will also oversee international cereal brands including Frosties, Zucaritas, and Miel Pops.įive Below store in Berlin, N.J., Dec. Kellanova will house the MorningStar Farms label, along with Pringles, Cheez-It, Pop-Tarts and other snack brands. Kellogg, which last year unveiled plans to split into three independent companies, last month reversed its strategy and said its plant-based meat business, known for its MorningStar Farms brand, would remain in-house. While the company names will change upon the spin-off, which Kellogg intends to complete by the end of this year, the 'Kellogg's' brand will remain on the packaging of both companies' products around the world. The cereal business – home to brands including Kellogg's, Froot Loops and Rice Krispies – will be named 'WK Kellogg Co,' after company founder W.K. Kellogg, who created Corn Flakes in 1894. One will take the name Kellanova while the other will be WK Kellogg Co. Kellogg Company on Wednesday released what the two separate companies that it intends to split into will be called.

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