UPDATE: Five Below Cuts FY Adj. EPS From $5.71-$6.22 To $5.00-$5.40 Vs $6.00 Est.; Revenue From $3.97B-$4.07B To $3.79B-$3.87B Vs $4.03B Est.
Portfolio Pulse from Benzinga Newsdesk
Five Below has updated its financial guidance for the fiscal year, projecting adjusted EPS between $5.00 and $5.40, which is below the estimated $6.00. The company also expects revenue to be between $3.79 billion and $3.87 billion, falling short of the $4.03 billion estimate.
June 05, 2024 | 8:29 pm
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Five Below has lowered its financial guidance for the fiscal year, with adjusted EPS now expected to be between $5.00 and $5.40, below the $6.00 estimate. Revenue is also projected to be lower, between $3.79 billion and $3.87 billion, compared to the $4.03 billion estimate.
The revised guidance indicates that Five Below is expecting lower earnings and revenue than previously estimated. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100