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Five Below reports Q3 beat, provides guidance

AuthorDavit Kirakosyan
Published 30/11/2023, 08:46 am
© Reuters.
FIVE
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Five Below (NASDAQ:FIVE) reported its Q3 results, with EPS of $0.26 coming in better than the consensus estimate of $0.23. Shares rose more than 1% after-hours.

Revenue grew 14.2% year-over-year to $736.4 million, beating the consensus estimate of $727.6M. Comparable sales rose by 2.5% year-over-year.

"We opened a record 74 new stores in the third quarter and are on track to open over 200 new stores for the year. We have also successfully converted over 400 stores to our new Five Beyond format, ending the third quarter with approximately 50% of our comparable store base in this format,” said CEO Joel Anderson.

For Q4/24, the company expects EPS in the range of $3.64-$3.80, compared to the consensus of $3.70, and revenue in the range of $1.32-$1.355 billion, compared to the consensus of $1.34B.

For the full year, EPS is seen at $5.40-$5.56, compared to the consensus estimate of $5.45, and revenue in the range of $3.54-$3.57B, compared to the consensus estimate of $3.55B.

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