Why Is Five Below (FIVE) Stock Down 12% Today?

Five Below (NASDAQ:FIVE) stock is falling on Thursday following the release of the retail company’s earnings report for the fourth quarter of 2023.The bad news for Five Below starts with its earnings per share of $3.65 in Q4. That’s worse than Wall Street’s estimate of $3.78 for the quarter. However, it was up year-over-year compared to $3.07 per share.Another blow to FIVE stock comes from its revenue of $1.34 billion. That’s another miss compared to analysts’ revenue estimate of $1.35 billion. Even if it’s ...