Shares of Five Below (FIVE 1.54%) fell by as much as 15% this week, according to data from S&P Global Market Intelligence. The discount retailer for specialty and kids-focused items posted weak growth in the first quarter, leading investors to sell the stock. Over the last five years, the stock is flat while the broad market has soared. Slowing comparable sales growth, poor guidance You can see this with Five Below's profits. In the quarter, the company's operating income declined from $42.4 million to $36. ...

The reported revenue compares to the Zacks Consensus Estimate of $831.52 million, representing a surprise of -2.36%. The company delivered an EPS surprise of -3.23%, with the consensus EPS estimate being $0.62. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Comparable Sales: -2.3% compared to the 1% average estimate based on eight a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35600 Five Below, Inc. (Exact name of Registrant as Specified in its Charter) Pennsylvania 75-3000378 (State or Other Jurisdictio ...

Shares plummeted around 11% Thursday, hitting a new 52-week low during the trading session. The retailer is down more than 45% in 2024. "Consumers were more discerning with their dollars, increasingly buying to need," Anderson added. The types of products they've been purchasing reflect this, he added, noting that consumers bought more in the company's "consumable" categories like candy, food and beverage, beauty and health and beauty aids. The CEO also noted that Five Beyond – the company's in-store shop t ...

The discount retailer posted disappointing results in it first-quarter earnings report. Shares of Five Below (FIVE -12.19%) were falling today after the discount retailer posted disappointing results in its first-quarter earnings report. As a result, the stock was down 12.8% as of 12:07 p.m. ET. The consumer slowdown hits Five Below Five Below, which specializes in selling cheap merchandise like games, toys, fashion accessories, and candy, said that revenue rose 11.9% to $811.9 million, but that was well be ...

Key Takeaways Five Below missed quarterly earnings and revenue estimates and cut its outlook as inflation led its lowerincome customers to pull back on spending. The discount retailer's comparable store sales declined 2.3% year-over-year. Five Below now anticipates full-year comparable store sales will be down 3% to 5%. Shares of Five Below (FIVE) plunged Thursday, a day after the discount retailer posted worse-than-expected quarterly results and lowered its guidance as inflation hurt its low-income custome ...

The Zacks Consensus Estimate for Canada Goose's current fiscal-year earnings indicates growth of 13.7% from the year-ago period's reported figures. GOOS has a trailing four-quarter average earnings surprise of 70.9%. Five Below, Inc. (FIVE) reported first-quarter fiscal 2024 results, wherein the top and bottom lines missed the Zacks Consensus Estimate. However, net sales increased and earnings decreased on a year-over-year basis. The company remains focused on driving sales through pricing tests, marketing ...

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A pullback in spending by lower-income consumers led to a decline in comparable sales during the first quarter for Five Below. The value retailer's comparable sales decreased 2.3% during the quarter ended May 4, compared to the same period a year earlier, Five Below said in a Wednesday (June 5) earnings release. At the same time, the firm's net sales rose 11.8% year over year because it opened 61 new stores during the quarter, contributing to a 17.4% increase in the number of locations over the same quarter ...

Five Below, Inc. (NASDAQ:FIVE) Q1 2024 Earnings Conference Call June 5, 2024 4:30 PM ET Company Participants Christiane Pelz - VP, IR Joel Anderson - President and CEO Kristy Chipman - CFO and Treasurer Conference Call Participants Simeon Gutman - Morgan Stanley Seth Sigman - Barclays Kelly Crago - Citigroup Matthew Boss - JPMorgan Scot Ciccarelli - Truist John Heinbockel - Guggenheim Mike Lasser - UBS Edward Kelly - Wells Fargo Eric Cohen - Gordon Haskett David Bellinger - Mizuho Kate McShane - Goldman Sac ...