Five Below Q2 Earnings Preview: Revenue Growth Expected to Slow

Earnings

โดย Yahoo Finance·

Summary · why it matters

Discount retailer Five Below will report its second-quarter earnings after market hours on Wednesday, with analysts expecting revenue to grow 18.4% year on year, a slowdown from the 23.7% increase recorded in the same quarter last year. The company beat revenue expectations last quarter with $1.29 billion in sales, up 32.5% year on year, and also exceeded EPS estimates. Analysts have generally reconfirmed their estimates over the past 30 days, and Five Below has a history of beating Wall Street expectations. In the discount retailer segment, Ross Stores reported a 13.3% revenue increase, beating estimates by 1.8%, while Burlington's revenue rose 11%, missing by 0.8%. Five Below shares are up 14.1% over the last month, with an average analyst price target of $273.43 compared to the current price of $247.16.

Five Below Inc ±