Five Below, Inc. reported results clearly above the company's and Wall Street's expectations. Same-store sales surged 14.3% through traffic growth. FIVE's massive EPS beat underlines the importance of same-store sales as margins showed significant gains from fixed cost leverage. Behind FIVE's recent success, Temu has continued to struggle. On top, FIVE's initiatives in marketing and merchandising are clearly working.
FIVE boosts its FY25 outlook after Q3 earnings, sales and comps jump, supported by stronger traffic, new stores and enhanced merchandising.
Discount retailers Dollar General Corp (NYSE:DG) and Five Below Inc (NASDAQ:FIVE) are both fresh out of the earnings confessional this morning.
| - Industry | - Sector | Winifred Y. Park CEO | XFRA Exchange | US33829M1018 ISIN |
| US Country | 7,300 Employees | - Last Dividend | - Last Split | 19 Jul 2012 IPO Date |
Five Below, Inc. is a specialty value retailer based in the United States, renowned for offering a wide array of products at competitive prices. Initially founded as Cheap Holdings, Inc., the company underwent a name change to Five Below, Inc. in August 2002 and has since established its headquarters in Philadelphia, Pennsylvania. Incorporating in the same year, Five Below has catered to a diverse customer base by providing an expansive selection of accessories, lifestyle products, sports equipment, electronic accessories, media products, arts and crafts supplies, school essentials, party supplies, candy, snacks, seasonal items, and much more.