Five Below Q2 2024 Adj EPS $0.54, Inline, Sales $830.07M Beat $822.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Five Below reported Q2 2024 earnings per share of $0.54, meeting analyst expectations, but down 35.71% from last year. Sales were $830.07M, beating estimates by 0.96% and up 9.37% from last year.
August 28, 2024 | 8:02 pm
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Five Below's Q2 2024 earnings per share met expectations at $0.54, but were down 35.71% from last year. Sales of $830.07M exceeded estimates by 0.96% and increased 9.37% year-over-year.
The earnings per share met expectations, which is neutral for the stock price. However, the significant year-over-year decline in EPS could be a concern for investors. The sales beat and growth are positive, but the mixed results likely lead to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100