While the top- and bottom-line numbers for Five Below (FIVE) give a sense of how the business performed in the quarter ended October 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Shares of Five Below (FIVE) are up more than 12% Thursday morning after the discount retailer announced a new CEO and raised its outlook for the year, noting "solid" Black Friday sales.
FIVE reports y/y growth in net sales and earnings for Q3, driven by strategic initiatives that introduce fresh offerings and deliver value in key areas.
Shares of discount retail chain Five Below (FIVE 13.46%) jumped on Thursday after the company announced financial results for the third quarter of 2024 and named a new CEO. As of 10 a.m.
Five Below, Inc. FIVE reported better-than-expected results for its third quarter and issued strong guidance for fiscal 2024 on Wednesday.
Shares of Five Below (FIVE) are soaring more than 13% in premarket trading after the discount retailer announced a new CEO and raised its outlook for the year, noting "solid" Black Friday sales.
Shares of Five Below (FIVE 1.72%) have been moving higher in recent weeks. A "beat and raise" quarterly update on Wednesday afternoon and tapping a new CEO should keep gains coming.
Five Below, Inc. (NASDAQ:FIVE ) Q3 2024 Earnings Conference Call December 4, 2024 4:30 PM ET Company Participants Christiane Pelz - VP, IR Tom Vellios - Executive Chairman and Founder Ken Bull - Interim President, CEO and COO Kristy Chipman - CFO and Treasurer Conference Call Participants John Heinbockel - Guggenheim Chuck Grom - Gordon Haskett Jeremy Hamblin - Craig-Hallum Capital Group Karen Short - Melius Research Michael Lasser - UBS Scot Ciccarelli - Truist Edward Kelly - Wells Fargo Matthew Boss - JPMorgan Seth Sigman - Barclays Kate McShane - Goldman Sachs Brian Nagel - Oppenheimer Michael Montani - Evercore ISI Simeon Gutman - Morgan Stanley Operator Good day and welcome to the Five Below Third Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
Five Below (FIVE) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.26 per share a year ago.
Shares of Five Below Inc. jumped after hours Wednesday after the teen-centric discount chain raised its full-year outlook, citing an “encouraging” Black Friday weekend as it heads into final weeks of the holiday shopping season.
FIVE indicates its focus on strategy realignment and SKU reductions in the third quarter, aiming to streamline operations, margin improvements and enhance profitability.
Five Below (FIVE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.