UPDATE: Five Below Q1 Adj $0.60 Misses $0.63 Estimate, Sales $811.86M Miss $836.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Five Below (NASDAQ:FIVE) reported Q1 earnings of $0.60 per share, missing the analyst estimate of $0.64. Sales were $811.86M, below the $836.97M estimate. Earnings decreased by 10.45% YoY, while sales increased by 11.79% YoY.
June 05, 2024 | 8:11 pm
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Five Below reported Q1 earnings of $0.60 per share, missing the analyst estimate of $0.64. Sales were $811.86M, below the $836.97M estimate. Earnings decreased by 10.45% YoY, while sales increased by 11.79% YoY.
The earnings and sales miss is likely to negatively impact the stock price in the short term. The decrease in earnings per share compared to the same period last year further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100