Five Below Stock Drops After Q1 Results: Here's Why
Portfolio Pulse from Erica Kollmann
Five Below, Inc. (NASDAQ:FIVE) shares dropped after the company reported Q1 earnings and sales that missed analyst estimates. The company also provided a full-year outlook below expectations.
June 05, 2024 | 8:46 pm
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Five Below reported Q1 earnings of 60 cents per share, missing the analyst estimate of 63 cents. Sales were $811.86 million, below the $836.97 million estimate. The company also provided a full-year outlook below expectations.
The company's Q1 earnings and sales missed analyst estimates, and the full-year outlook was also below expectations. This has led to a significant drop in the stock price, indicating a negative short-term impact.
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