Five Below, Inc. (FIVE)
Bear of the Day: Five Below (FIVE)
While earnings growth remains, the shrinking estimates of this stock are not a good sign.
Why Shares of Five Below Stock Slipped This Week
Five Below reported its Q1 earnings this week. Slowing comparable sales growth and bad guidance led the stock to fall.
Five Below (FIVE) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Five Below (FIVE) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
The low-end consumer 'is really being stretched,' says Five Below CEO
Lower-income U.S. consumers are feeling stretched with their spending, Five Below CEO Joel Anderson said Wednesday. The company's revenue for the first quarter of fiscal year 2024 came in lower-than-expected, and it posted weak revenue guidance.
Why Five Below Stock Was Going Below Today
Five Below missed estimates on the top and bottom lines. Comparable sales fell even as it continues to open new stores.
Five Below Sales Suffer as Inflation Hits Its Customers
Shares of Five Below (FIVE) plunged Thursday, a day after the discount retailer posted worse-than-expected quarterly results and lowered its guidance as inflation hurt its low-income customers.
Five Below (FIVE) Q1 Earnings Miss Estimates, Sales Rise Y/Y
Five Below (FIVE) reports year-over-year growth in net sales in Q1. The company is focused on driving sales through pricing tests and marketing initiatives while maintaining strategic pillars like store expansion.
Five Below Stock Is Diving After Earnings. Inflation Is Hurting Core Customers.
The discount retailer turned in disappointing earnings, and cut guidance. Five Below's base of lower-income customers have been buying less.
Five Below bought so many Squishmallows that it hurt the discount company's bottom line
Five Below's sales were hurt due to overstock of Squishmallows and price-sensitive customers. Inflation has made customers prioritize food and drink items, said Five Below CEO.
Five Below: Comparable Sales Slip as Consumers Feel Inflation's Impact
A pullback in spending by lower-income consumers led to a decline in comparable sales during the first quarter for Five Below. The value retailer's comparable sales decreased 2.3% during the quarter ended May 4, compared to the same period a year earlier, Five Below said in a Wednesday (June 5) earnings release.
Five Below, Inc. (FIVE) Q1 2024 Earnings Call Transcript
Five Below, Inc. (NASDAQ:FIVE ) Q1 2024 Earnings Conference Call June 5, 2024 4:30 PM ET Company Participants Christiane Pelz - VP, IR Joel Anderson - President and CEO Kristy Chipman - CFO and Treasurer Conference Call Participants Simeon Gutman - Morgan Stanley Seth Sigman - Barclays Kelly Crago - Citigroup Matthew Boss - JPMorgan Scot Ciccarelli - Truist John Heinbockel - Guggenheim Mike Lasser - UBS Edward Kelly - Wells Fargo Eric Cohen - Gordon Haskett David Bellinger - Mizuho Kate McShane - Goldman Sachs Brad Thomas - KeyBanc Capital Markets Michael Montani - Evercore ISI Joe Feldman - Telsey Advisory Group CJ Dipollino - Craig-Hallum Capital Group William Dossett - Oppenheimer Operator Good day and welcome to the Five Below First Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
Five Below (FIVE) Q1 Earnings and Revenues Miss Estimates
Five Below (FIVE) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.67 per share a year ago.
