Five Below Sees FY24 EPS $5.71-$6.22; Revenue $3.97B-$4.07B Vs $3.569B Est.
Portfolio Pulse from Benzinga Newsdesk
Five Below projects its FY24 earnings per share (EPS) to be between $5.71 and $6.22, with revenue forecasts ranging from $3.97 billion to $4.07 billion, surpassing the estimated $3.569 billion.
March 20, 2024 | 8:12 pm
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Five Below projects higher FY24 EPS and revenue, exceeding market expectations.
Five Below's projection of higher earnings and revenue for FY24 significantly exceeds market expectations, indicating strong growth prospects. This positive outlook is likely to boost investor confidence and potentially lead to an increase in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100