Five Below Shares Slide As Q3 Guidance Falls Short
Portfolio Pulse from Shivani Kumaresan
Five Below Inc reported Q2 FY23 sales growth of 13.5% YoY to $759 million, beating the analyst consensus. However, the company's Q3 sales and EPS guidance fell short of expectations, leading to a 5.27% drop in premarket trading.
August 31, 2023 | 12:17 pm
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Five Below's Q3 guidance fell short of expectations, causing a drop in its stock price.
Five Below's Q3 sales and EPS guidance were below the consensus, which likely led to the drop in its stock price. The company's Q2 results, despite beating expectations, were not enough to offset the negative impact of the disappointing Q3 guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100