Five Below Q1 GAAP EPS $0.57 Misses $0.64 Estimate, Sales $811.86M Miss $836.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Five Below (NASDAQ:FIVE) reported Q1 earnings per share (EPS) of $0.57, missing the analyst estimate of $0.64 by 10.94%. Sales were $811.86 million, also below the $836.97 million estimate. EPS decreased by 14.93% year-over-year, while sales increased by 11.79%.
June 05, 2024 | 8:01 pm
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Five Below reported Q1 EPS of $0.57, missing the $0.64 estimate by 10.94%. Sales of $811.86M also missed the $836.97M estimate. EPS decreased by 14.93% YoY, while sales increased by 11.79%.
The company's earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The year-over-year decrease in EPS further adds to the negative sentiment, despite the increase in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100