FIVE Stock Recent News

Five Below, Inc NASDAQ: FIVE is one of the presenters at this year's ICR Conference and, like many presenters, sent its stock on a wild ride. The company offered favorable guidance but failed to impress analysts wanting more.

Joel Anderson, Five Below CEO, joins 'Closing Bell Overtime' to talk Five Below's performance over the holiday season, what's next for the retailer and how consumer behavior is shifting.

Simeon Gutman, Morgan Stanley analyst, joins 'The Exchange' to discuss the performance of Amazon and Walmart, the retail winners in 2024, and more.

The headline numbers for Five Below (FIVE) give insight into how the company performed in the quarter ended October 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

There are some concerns that Five Below NASDAQ: FIVE is overvalued, trading at 34X this year's earnings, but some factors suggest this stock is still undervalued relative to peers and its outlook. The company is well-positioned in the off-price retail space, resonating with consumers and is on track to post robust growth over the next few years.

Five Below, Inc. (NASDAQ:FIVE ) Q3 2023 Earnings Conference Call November 29, 2023 4:30 PM ET Company Participants Christiane Pelz - VP, IR Joel Anderson - President and CEO Kristy Chipman - CFO and Treasurer Conference Call Participants Michael Lasser - UBS Seth Sigman - Barclays Edward Kelly - Wells Fargo Matthew Boss - JPMorgan John Heinbockel - Guggenheim Securities Simeon Gutman - Morgan Stanley Paul Lejuez - Citi Jeremy Hamblin - Craig-Hallum Capital Group Krisztina Katai - Deutsche Bank Michael Montani - Evercore ISI Brad Thomas - KeyBanc Capital Markets Chuck Grom - Gordon Haskett Kate McShane - Goldman Sachs Jason Haas - Bank of America Anthony Chukumba - Loop Capital Joe Feldman - Telsey Advisory Group Operator Good day and welcome to the Five Below Third Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.

Specialty discount retailer Five Below said it is driving sales by offering customers both value and fun. The company has been finding “new, disruptive products at extreme value” and promoting them through its growing presence on social media, Five Below President and CEO Joel Anderson said Wednesday (Nov. 29) during the company's quarterly earnings call.

Five Below (FIVE) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.29 per share a year ago.

Five Below (NASDAQ:FIVE) shares rose almost 1% in extended trading Wednesday on earnings results that surpassed expectations.  The discount retailer posted earnings of $0.26 per share, above Street projections of $0.23 per share, on revenue of $736.4 million, topping expectations of $726.9 million.

Five Below (FIVE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.