Five Below, Inc. Announces First Quarter Fiscal 2021 Financial Results
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June 4, 2021 8:53 AM EDT
Shares of Five Below (NASDAQ: FIVE) are up 6% in pre-open Friday after the company reported better-than-expected results and guidance.
FIVE registered earnings of $49.6 million in Q1 after recording a loss of $50.6 million in the same period last year. Earnings per share came in at $0.88 per share on sales of $598 million vs $-0.91 per share on sales of $201 million a year ago. Analysts were calling for $0.65 per share.
Our first quarter results kicked off a great start to fiscal 2021, surpassing our expectations. Our teams did an outstanding job executing in an environment of elevated... More
June 4, 2021 8:08 AM EDT
Jefferies analyst Randal Konik raised the price target on Five Below (NASDAQ: FIVE) to $300.00 (from $260.00) while maintaining a Buy rating following earnings.
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June 3, 2021 4:02 PM EDT
Five Below (NASDAQ: FIVE) reported Q1 EPS of $0.88, $0.23 better than the analyst estimate of $0.65. Revenue for the quarter came in at $597.8 million versus the consensus estimate of $551.14 million.
GUIDANCE:
Five Below sees Q2 2021 EPS of $1.01-$1.13, versus the consensus... More
