2024-04-04 00:44:11 ET
Summary
- Five Below, Inc. has a positive outlook for FY24 and is on track to meet its EPS and store opening targets for FY26 and FY30.
- The company saw strong transaction growth in 4Q23, driven by new and returning customers, and gross margin expansion.
- Shrink headwinds were higher than expected, but the company has measures in place to manage this and expects positive results in the coming quarters.
Investment action
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Five Below: Business Still On Track To Achieve FY 2026 EPS Target