Why Five Below Shares Are Gaining Today
Portfolio Pulse from Lekha Gupta
Five Below Inc (NASDAQ:FIVE) reported Q1 2023 revenue growth of 13.5% Y/Y to $726.2 million, missing consensus estimates. EPS grew 13.6% Y/Y to $0.67, beating consensus. The company opened 27 new stores and provided a revised outlook for 2023.
June 02, 2023 | 2:19 pm
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Five Below's Q1 2023 revenue growth missed estimates, but EPS beat consensus. The company opened 27 new stores and provided a revised outlook for 2023.
Five Below's Q1 2023 revenue growth missed estimates, which could have a negative impact on the stock. However, the company's EPS beat consensus and it opened 27 new stores, which are positive factors. The revised outlook for 2023 could also influence investor sentiment. Overall, the positive factors outweigh the negative, leading to a likely short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100