Five Below Expects Q3 Net Sales Of $780M - $800M (Est $790.62M); Adjusted EPS Of $0.10 - $0.22 (Est $0.13)
Portfolio Pulse from Benzinga Newsdesk
Five Below anticipates Q3 net sales between $780M and $800M, with adjusted EPS ranging from $0.10 to $0.22. The sales forecast is based on opening 85 new stores and a mid-single digit decrease in comparable sales.
August 28, 2024 | 8:05 pm
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Five Below projects Q3 net sales of $780M-$800M and adjusted EPS of $0.10-$0.22, with plans to open 85 new stores. The forecast includes a mid-single digit decrease in comparable sales.
The positive sales and EPS guidance, along with the expansion of 85 new stores, suggests growth potential for Five Below. However, the expected decrease in comparable sales may temper investor enthusiasm. Overall, the expansion strategy is likely to be viewed positively, leading to a potential short-term stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100