Five Below (FIVE) Earnings and Sales Miss Estimates in Q4

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. ...