With both the S&P 500 and Nasdaq Composite Index in record territory, investors might be surprised to learn that not all businesses have benefited from the market's strong rally. Five Below (FIVE 2.48%) fits in the category of underachievers. Investors probably sold off the stock because they might have been disappointed by the fact that Five Below's same-store sales dipped 2.3% in Q1. And to make matters worse, executives believe this metric will decline 3% to 5% for the full fiscal year. Expanding the sto ...

Five Below (FIVE -0.77%) just posted its fiscal 2024 first-quarter financial results, and the market was not happy with the report. Revenue and earnings per share came in at $812 million and $0.57, respectively. However, both of these headline figures missed Wall Street estimates. Clear growth strategy But the momentum isn't coming to an end anytime soon. The leadership team wants to have 3,500 stores open by 2030. That implies a more than twofold increase from the size of the current footprint. There is me ...

"It's been one of the success stories of U.S. retail over the past five or so years," said Neil Saunders, managing director of GlobalData Retail. Despite an impressive few years of growth, things have taken a turn for the worse in 2024. The company's share price fell to a 52-week low in the first week of June as the company grapples with mounting shrink, or inventory losses from various sources; inflationary pressure; and overseas competition. Watch the video to find out why Wall Street is still bullish on ...

Today's Bear of the Day is a stock that is not in the good graces of our Zacks Rank and is therefore also in a bad, negative earnings trend. It's Zacks Rank #5 (Strong Sell) Five Below (FIVE) ). Five Below has built its brand on offering trendy and affordable products to a younger demographic. However, the company's reliance on discretionary spending places it at a disadvantage in the current economic climate, where inflationary pressures and reduced consumer confidence are curtailing non-essential purchase ...

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 ...

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 ...