Five Below Sees FY23 Net Sales $3.5B-$3.57B Vs $3.57B Est
Portfolio Pulse from Benzinga Newsdesk
Five Below forecasts FY23 net sales to be between $3.5 billion and $3.57 billion, compared to the $3.57 billion estimate.
June 01, 2023 | 8:05 pm
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NEGATIVE IMPACT
Five Below's FY23 net sales guidance is slightly below the estimated $3.57 billion.
Five Below's lower-than-expected net sales guidance for FY23 may negatively impact its stock price in the short term, as investors may perceive this as a sign of weaker future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100