Why Five Below Stock Gained After-Hours
Portfolio Pulse from Ryan Gustafson
Five Below, Inc. (NASDAQ:FIVE) saw its stock rise in after-hours trading following the release of its third-quarter earnings, which surpassed analyst expectations. The company reported earnings of 26 cents per share, beating the consensus estimate of 23 cents, and posted quarterly sales of $736.40 million, exceeding expectations of $725.38 million. This represents a 14.16% increase over the previous year's sales. Five Below also experienced a 14.2% increase in net sales year-over-year and a 2.5% growth in comparable sales. The company opened 74 new stores in the quarter and estimates fourth-quarter net sales to be between $1.32 billion and $1.35 billion, with full-year net sales projected between $3.54 billion and $3.57 billion. The stock was up 1.56% at $191.00 in after-hours trading.

November 29, 2023 | 9:48 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Five Below's Q3 earnings exceeded analyst expectations with higher-than-anticipated sales and earnings per share, along with significant year-over-year growth in net sales and comparable sales. The company also opened numerous new stores and provided positive sales guidance for the fourth quarter and full year.
The positive earnings report, which included surpassing analyst estimates for both earnings per share and sales, along with the year-over-year growth and positive future sales guidance, are likely to instill investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100