FIVE Stock Recent News

Five Below (FIVE) reported earnings 30 days ago. What's next for the stock?

Investors looking for stocks in the Retail - Miscellaneous sector might want to consider either ODP Corp. (ODP) or Five Below (FIVE). But which of these two stocks is more attractive to value investors?

Five Below's net sales and profits surged in its fiscal second quarter. The company's balance sheet is loaded with cash.

Five Below's financial results fell within expectations. The market appears concerned with problems running wild in the retail space right now.

Five Below, Inc. (NASDAQ:FIVE ) Q2 2023 Earnings Conference Call August 30, 2023 4:30 PM ET Company Participants Christiane Pelz - VP, IR and Treasury Joel Anderson - President and CEO Kenneth Bull - COO Kristy Chipman - CFO Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Group Seth Sigman - Barclays Brian Nagel - Oppenheimer Chuck Grom - Gordon Haskett Matthew Boss - JPMorgan John Heinbockel - Guggenheim Securities Simeon Gutman - Morgan Stanley Edward Kelly - Wells Fargo Paul Lejuez - Citi Michael Lasser - UBS Joe Feldman - Telsey Advisory Group Michael Montani - Evercore Brad Thomas - KeyBanc Capital Markets Jason Haas - Bank of America Daniel Silverstein - Credit Suisse Anthony Chukumba - Loop Capital Markets Krisztina Katai - Deutsche Bank Phillip Blee - William Blair Operator Good day, and welcome to the Five Below Second Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.

While the top- and bottom-line numbers for Five Below (FIVE) give a sense of how the business performed in the quarter ended July 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Five Below (FIVE) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.74 per share a year ago.

Five Below (NASDAQ:FIVE) shares fell almost 6% in after-hours trading despite the specialty retailer targeting tweens and teens reporting second quarter results that we in-line with estimates. Sending its shares lower was an update to its earnings guidance to reflect an anticipated increase in shrink reserve, but its sales outlook remains unchanged.

Shares of Five Below Inc. FIVE, +0.15% dropped more than 5% in the extended session Wednesday after the retailer reported second-quarter sales that missed Wall Street expectations and tweaked its guidance for the year to account for “shrink,” or the loss of items usually attributed to theft, fraud or employee error. Five Below earned $46.8 million, or 84 cents a share, in the quarter, compared with $41.3 million, or 74 cents a share, in the year-ago quarter.

Five Below (NASDAQ:FIVE) Inc shares could trend higher after the specialty discount retailer targeting tweens and teens releases its second-quarter 2023 financial results after market close on Wednesday, August 30, 2023.  The company's revenue for the period is expected to rise 13.6% year over year to $760.2 million, while its 2Q earnings per share is anticipated to improve 12.2% to $0.83, according to the Zacks Consensus Estimate.