These Analysts Cut Their Forecasts On Five Below After Q4 Results
Portfolio Pulse from Avi Kapoor
Five Below, Inc. (NASDAQ:FIVE) reported Q4 earnings of $3.65 per share, up from $3.07 year-over-year, with revenue of $1.34 billion, up from $1.12 billion. The company opened 205 new stores in fiscal 2023, with over half in the Five Beyond format. Despite strong sales, earnings were at the low end of guidance due to shrink headwinds. Q1 earnings are expected between 58 cents and 69 cents per share, with revenue between $826 million and $846 million. Shares rose 1.1% to $208.97. Telsey Advisory Group and JP Morgan adjusted their price targets on Five Below following the earnings announcement.
March 21, 2024 | 12:37 pm
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POSITIVE IMPACT
Five Below reported higher Q4 earnings and revenue, plans to open 55-60 new stores in Q1, but faces shrink headwinds. Shares rose 1.1%. Analysts adjusted price targets post-earnings.
The positive earnings report and revenue growth, along with the strategic expansion plans, contribute to a positive outlook for FIVE. However, the mention of shrink headwinds and the adjustments in price targets by analysts could introduce some caution among investors. The overall positive earnings and growth trajectory, coupled with a slight increase in share price, suggest a likely short-term positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100