Five Below Q3 EPS $0.26 Beats $0.23 Estimate, Sales $736.40M Beat $725.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Five Below reported Q3 earnings of $0.26 per share, surpassing the consensus estimate of $0.23, and sales of $736.40M, exceeding the estimate of $725.38M. However, earnings per share decreased by 10.34% compared to last year, while sales increased by 14.16% from the same period.
November 29, 2023 | 9:02 pm
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POSITIVE IMPACT
Five Below's Q3 earnings and sales surpassed analyst estimates, with a slight decrease in EPS year-over-year but a significant increase in sales.
Beating both earnings and sales estimates is a positive signal to investors and could lead to a short-term increase in stock price. However, the decrease in EPS year-over-year might temper some of the positive sentiment, but the significant sales growth could outweigh this concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100