Five Below, Inc. (FIVE) is likely to register an increase in the top line when it reports fourth-quarter fiscal 2023 results on Mar 20 after the closing bell. The Zacks Consensus Estimate for revenues is pegged at $1,350 million, which suggests an improvement of 20.2% from the prior-year reported figure.Over the past 30 days, the Zacks Consensus Estimate for fourth-quarter earnings per share has increased by a penny to $3.78. The figure indicates growth of 23.1% from the prior-year quarter.This extreme-valu ...

Five Below (FIVE) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended January 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on March 20. ...

PHILADELPHIA, PA, March 06, 2024 (GLOBE NEWSWIRE) -- Five Below, Inc. (NASDAQ:FIVE), the trend-right, high-quality, extreme-value retailer for tweens, teens and beyond, today announced that its financial results for the fourth quarter and full year of fiscal 2023 will be released after market close on Wednesday, March 20, 2024. The company will host a conference call at 4:30 p.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial ...

With a trailing-10-year total return of 310%, it's hard to deny the Nasdaq Composite Index's track record. The tech-heavy benchmark has clearly been a winner in the past.But some of its constituents have fared better. Look at Five Below (FIVE 0.07%). The discount retail stock has soared 409% in the last decade (as of Feb. 28). Carrying a market capitalization of just $11 billion right now, Five Below might fly under the radar for most investors out there. But that could change.Is it time to buy the stock?Al ...

Five Below, Inc. (FIVE) has demonstrated impressive operational efficiency, setting a strong foundation for its future expansion and showcasing its ability to tackle market challenges. Its forward-looking strategies reflect the company's dedication to ongoing improvement and its ambition to stay at the forefront of the retail industry.These strategies encompass a range of initiatives, such as increasing its store footprint, enhancing its product offerings, optimizing its inventory management and bolstering ...

PHILADELPHIA, PA, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Five Below, Inc. (NASDAQ:FIVE), the trend-right, extreme-value brand for tweens, teens and beyond, announced the appointment of Karen Bowman to its Board of Directors, effective January 24, 2024. Following Ms. Bowman's appointment, Five Below's Board will increase to twelve directors, four of whom are female. Thomas Vellios, Chairman of the Board, commented, "We are thrilled to welcome Karen Bowman to our Board of Directors. With over three decades of prof ...

Five Below, Inc. (FIVE) has showcased a stellar performance during the holiday season, underscoring the exceptional ability to connect with consumers looking for affordable and trendy products. This high-growth value retailer posted a stellar 15.6% increase in net sales for the quarter-to-date period from Oct 29, 2023 through Jan 6, 2024.Management expressed satisfaction with the broad-based strength in performance across most product categories, highlighting continued success from converted stores. Need-ba ...

Key PointsFive Below reiterated its guidance and sent shares down 5%. Someone is buying the dip, and institutions and analyst followers are in the mix. The valuation is high now, but prices in a solid outlook for growth the company is executing. 5 stocks we like better than Five BelowFive Below, Inc NASDAQ: FIVE is one of the presenters at this year’s ICR Conference and, like many presenters, sent its stock on a wild ride. The company offered favorable guidance but failed to impress analysts wanting more. T ...

Total Sales Increased 15.6%; Comparable Sales Increased 3.6% Reiterates Fourth Quarter and Full Year Fiscal 2023 Guidance, with Net Sales in the Upper Half of the Range and Comparable Sales of Approximately 3% PHILADELPHIA, PA, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Five Below, Inc. (NASDAQ:FIVE) ("Five Below" or the "Company") today announced net sales results for the quarter-to-date period from October 29, 2023 through January 6, 2024 ("Holiday Period"). The Company expects fourth quarter and full year fiscal ...

Financial Data and Key Metrics - Sales for Q3 2023 increased by 14.2% to $736.4 million compared to $645 million in Q3 2022 [3] - SG&A as a percentage of sales decreased by 90 basis points to 28.1% in Q3 2023, driven by timing of marketing spend and leverage on store-related expenses [4] - Full-year 2023 sales guidance increased to $3.54 billion to $3.57 billion, representing a growth of 15.1% to 16% [6] - Diluted earnings per share for Q3 2023 were $0.26, compared to $0.29 in Q3 2022 [38] - Operating margin for Q4 2023 is expected to be between 20.5% and 20.8%, with a 50 basis point leverage due to freight benefits and cost management strategies [39] - Diluted earnings per share for the full year are expected to be in the range of $5.40 to $5.56, implying year-over-year growth of 15.1% to 18.6% [40] Business Line Performance - The Five Beyond format now accounts for approximately 50% of the comparable store base, driving mid-single-digit comp outperformance in the first year post-conversion [85][93] - The company opened a record 74 new stores in Q3 2023, bringing the total store count to 1,481, a 15% increase from Q3 2022 [112] - Comparable sales increased by 2.5% in Q3 2023, driven by a 3.1% increase in comp transactions, partially offset by a 0.6% decrease in comp ticket [111] - The company expects to open over 60 stores in Q4 2023, with 43 already opened in November [114] Market Performance - The company saw strong performance in discretionary categories such as games, toys, and seasonal offerings, particularly Halloween products [88] - The company's online presence remains low, with minimal impact from competitors like Temu [36] - The company's value proposition continues to resonate with customers, particularly during the holiday season, with strong transaction growth from both new and returning customers [7] Strategic Direction and Industry Competition - The company's Triple-Double strategy focuses on store expansion, store potential, product and brand strategy, inventory optimization, and crew innovation [89] - The company is leveraging its Five Beyond format to attract new customers and retain existing ones, with plans to continue converting stores in 2024 [94] - The company is investing in social media platforms like TikTok, Facebook, Instagram, and YouTube to increase brand awareness and customer engagement [96] - The company is focused on improving inventory productivity through advanced processes, technology, and analytics, positioning it well for the holiday season [97][98] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to leverage at the 3% level and expects to provide more details on future growth during the March call [9] - The company is pleased with the start of Q4 2023, with strong transaction growth and new store performance in line with expectations [7] - Management highlighted the importance of value and trend-right products, particularly during the holiday season, and expects to see continued growth in discretionary categories [135] - The company is focused on mitigating shrink and expects to provide updates on progress at year-end [105] Other Important Information - The company repurchased approximately 500,000 shares in Q3 2023 at an average price of $158.63, totaling approximately $80 million [104] - The company ended Q3 2023 with $163 million in cash, cash equivalents, and investments, with no debt outstanding [104] - The company expects to spend approximately $335 million in gross CapEx for 2023, including new store openings, distribution center expansions, and technology investments [145] Q&A Session Summary Question: Performance of Five Beyond stores in year two - The company noted that early signals from stores entering year two show positive comps, with more stores expected to enter year two in Q4 [119] - The company expects continued growth in Five Beyond penetration, which will benefit top-line sales [94] Question: Impact of deflationary trends on product costs - Management expects deflationary trends in product costs to benefit gross margins, allowing the company to reinvest in product quality [132] Question: Competitive landscape and positioning - The company believes its value proposition and focus on trend-right products differentiate it from competitors, particularly in the mass channel [62] Question: Real estate costs and store growth outlook - The company noted that real estate costs have stabilized, with rents remaining flat and the pipeline for new stores strong for 2024 and 2025 [68][163] Question: Impact of Temu on the business - The company has not seen a significant impact from Temu due to its low online penetration and strong in-store value proposition [36][172] Question: Holiday season expectations - Management expressed confidence in the holiday season, citing strong inventory levels and a focus on value and trend-right products [157] Question: Long-term growth and margin expansion - The company reiterated its Triple-Double strategy, aiming for 14% operating margin over the long term, with 100 basis points of margin expansion annually [41]