Five Below (FIVE) reported $726.25 million in revenue for the quarter ended April 2023, representing a year-over-year increase of 13.6%. EPS of $0.67 for the same period compares to $0.59 a year ago.
The reported revenue represents a surprise of -0.41% over the Zacks Consensus Estimate of $729.24 million. With the consensus EPS estimate being $0.62, the EPS surprise was +8.06%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company’s financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock’s price performance more accurately.
Here is how Five Below performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable store sales: 2.7% versus 3.34% estimated by 10 analysts on average.
- New Store Openings: 27 versus 25 estimated by six analysts on average.
- Total stores: 1367 versus 1365 estimated by four analysts on average.
- Average Net Sales per Store: $0.50 million compared to the $0.54 million average estimate based on three analysts.
View all Key Company Metrics for Five Below here>>>
Shares of Five Below have returned -12.9% over the past month versus the Zacks S&P 500 composite’s +1.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Zacks Reveals ChatGPT “Sleeper” Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other “must buys.” Plus more.
Download Free ChatGPT Stock Report Right Now >>
Five Below, Inc. (FIVE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.