Five Below Q2 Earnings Preview: Analyst Flags Margin Decline And Softer Q3 Start As Concerns
Portfolio Pulse from Lekha Gupta
Truist Securities analyst Scot Ciccarelli previews Five Below's Q2 earnings, highlighting concerns over margin decline and a softer Q3 start. The analyst expects EPS to drop to $0.54 from $0.84, citing higher labor costs and a sudden CEO change as key issues.
August 26, 2024 | 5:21 pm
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Five Below is expected to report Q2 earnings in line with lowered estimates, but faces margin pressures and a softer Q3 start. EPS is projected to fall to $0.54 due to higher labor costs and other factors.
The analyst's projection of declining margins and EPS, along with concerns over labor costs and management changes, suggest a negative short-term impact on Five Below's stock price.
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