Five Below Sees FY23 EPS $5.27-$5.55 vs $5.58 Est., Sales $3.5B-$3.57B vs $3.56B Est.
Portfolio Pulse from Bill Haddad
Five Below has projected its FY23 EPS to be between $5.27 and $5.55, which is lower than the estimated $5.58. The company also expects its sales to range from $3.5 billion to $3.57 billion, which is in line with the estimated $3.56 billion.
August 30, 2023 | 8:03 pm
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Five Below's lower than expected EPS forecast for FY23 may negatively impact its stock price in the short term. However, its sales projection is in line with estimates, which could mitigate some of the negative impact.
Investors often react to a company's earnings forecasts. In this case, Five Below's lower than expected EPS forecast for FY23 could lead to a negative sentiment among investors, potentially causing a short-term drop in its stock price. However, the fact that its sales projection is in line with estimates could help to offset some of this negative impact.
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IMPORTANCE 80
RELEVANCE 100