FIVE - Why Five Below Shares Are Trading Lower Thursday | Benzinga
Five Below, Inc. (NASDAQ:FIVE) stock is trading lower Thursday after the company reported worse-than-expected first-quarter earnings and cut guidance.
The Details: Five Below announced first-quarter earnings for fiscal-year 2024 on Wednesday after the market closed.
The specialty-value retailer reported adjusted EPS of 60 cents, missing analyst estimates of 63 cents, and sales of $811.86 million, which fell short of analyst estimates of $836.97 million. Sales were up 11.79% compared to the same period last year.
Five Below also issued guidance for the second quarter and full fiscal ...