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Down 24% in 2024, Should You Buy This Growth Stock on the Dip?
The Motley Fool· 2024-04-11 12:44
Investors might not be familiar with this under-the-radar discount retailer.The Nasdaq Composite index might be in record territory thanks to its impressive run in the past 18 or so months. But that doesn't mean investors can't find compelling opportunities to take advantage of. Shares of Five Below (FIVE 0.41%) are currently down 24% this year (as of April 8). Despite the negative trend, investors might want to take a closer look at this growth stock. Should you buy this discount retailer on the dip?Disapp ...
This Stock Dropped After Earnings. But It's Now a Top Growth Stock to Buy in 2024.
The Motley Fool· 2024-03-25 06:05
Selling an assortment of products that appeal to teens and preteens, Five Below (FIVE -3.28%) is a retail concept that's gaining ground across the country. But you wouldn't know that from investors' reaction after the company reported full-year financial results for 2023. After the report dropped, Five Below stock itself dropped by 15%.Five Below shareholders are used to pullbacks. Since the company went public in 2012, it's fallen 15% or more quite a few times, as the chart below shows. For patient investo ...
Five Below(FIVE) - 2024 Q4 - Annual Report
2024-03-21 18:39
UNITED STATES ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to As of July 28, 2023, the last business day of the registrant's most recently completed second fiscal quarter, the aggregate market value of common stock (based upon the last reported sales price on The Nasdaq Global Select Market) held by non-affiliates of the registrant was approximately 11,334,179,492. The number of shares of the registrant's common stock, $0.01 par v ...
Five Below fights back on theft by reducing self-checkout
Fox Business· 2024-03-21 18:31
Five Below is reducing self-checkout at stores in an effort to prevent theft from cutting further into its bottom line. The company has "now evolved" to associate-assisted checkout across its over 1,500 locations, CEO Joel Anderson said Wednesday during the company’s fourth-quarter earnings call.He said Five Below locations susceptible to more "shrink" are mostly offering cashier-run checkouts. The retailer is also adding receipt checking, extra employees and more security guards at such stores, according t ...
Why Five Below Stock Was Falling Today
The Motley Fool· 2024-03-21 17:18
Shares of Five Below (FIVE -15.61%) were heading lower after the discount retailer posted disappointing results in its fourth-quarter earnings report, missing estimates on the bottom line. As a result, the stock was down 14.3% as of 11:38 a.m. ET.Five Below can't keep up with expectationsThe company, which sells toys, games, clothes, and other products for $5 or less typically in mall and shopping center settings, delivered decent results in the quarter, but they couldn't keep up with expectations. Revenue ...
Five Below (FIVE) Earnings and Sales Miss Estimates in Q4
Zacks Investment Research· 2024-03-21 16:21
Five Below, Inc. (FIVE) reported mixed fourth-quarter fiscal 2023 results, wherein the top and bottom lines missed the Zacks Consensus Estimate. However, net sales and earnings increased on a year-over-year basis. Management cited that an improved transaction trend and sales growth contributed to the company’s performance amid macroeconomic headwinds.Let’s Delve DeeperFive Below posted earnings per share of $3.65 in the fourth quarter of fiscal 2023, lagging the Zacks Consensus Estimate of $3.78 per share. ...
Why Is Five Below (FIVE) Stock Down 12% Today?
InvestorPlace· 2024-03-21 12:53
Five Below (NASDAQ:FIVE) stock is falling on Thursday following the release of the retail company’s earnings report for the fourth quarter of 2023.The bad news for Five Below starts with its earnings per share of $3.65 in Q4. That’s worse than Wall Street’s estimate of $3.78 for the quarter. However, it was up year-over-year compared to $3.07 per share.Another blow to FIVE stock comes from its revenue of $1.34 billion. That’s another miss compared to analysts’ revenue estimate of $1.35 billion. Even if it’s ...
Five Below(FIVE) - 2023 Q4 - Earnings Call Transcript
2024-03-21 00:28
Five Below, Inc. (NASDAQ:FIVE) Q4 2023 Earnings Conference Call March 20, 2024 4:30 AM ET Company Participants Christiane Pelz - VP, IR Joel Anderson - President and CEO Kristy Chipman - CFO and Treasurer Conference Call Participants Matthew Boss - JPMorgan Seth Sigman - Barclays Mike Lasser - UBS Scot Ciccarelli - Truist John Heinbockel - Guggenheim Kate McShane - Goldman Sachs Chuck Grom - Gordon Haskett Edward Kelly - Wells Fargo Michael Montani - Evercore ISI David Bellinger - Mizuho Jeremy Hamblin - Cr ...
Five Below (FIVE) Reports Q4 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-03-20 23:01
For the quarter ended January 2024, Five Below (FIVE) reported revenue of $1.34 billion, up 19.2% over the same period last year. EPS came in at $3.65, compared to $3.07 in the year-ago quarter.The reported revenue represents a surprise of -0.88% over the Zacks Consensus Estimate of $1.35 billion. With the consensus EPS estimate being $3.78, the EPS surprise was -3.44%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...
Five Below(FIVE) - 2024 Q4 - Annual Results
2024-03-20 20:18
Five Below, Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results Q4 Net Sales Increase of 19% with a Comparable Sales Increase of 3.1%; Q4 EPS Increase of 19% Fiscal 2023 Net Sales Increase of 16% with a Comparable Sales Increase of 2.8%; Fiscal 2023 EPS Increase of 15% Provides First Quarter and Fiscal 2024 Guidance Joel Anderson, President and CEO of Five Below, stated, "Holiday 2023 marked a strong end to the year for sales performance as our amazing assortment of Wow product drove yet another ...