Five Below, Inc. Announces Second Quarter Fiscal 2021 Financial Results
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Five Below (FIVE) Plunges After Missing Q2 Revenue Views, Company Still Well-Positioned Says Goldman
September 2, 2021 5:43 AM EDTShares of Five Below (NASDAQ: FIVE) are down 9% in pre-open Thursday after the company delivered weaker-than-expected Q2 sales.
Five Below reported Q2 EPS of $1.15 to top the analyst estimate of $1.11. Revenue for the quarter came in at $646.6 million versus the consensus estimate of $648.28 million.
We had another strong quarter, with the team executing well in a dynamic operating environment. Sales increased 55% and earnings per share increased 125% versus the second quarter of 2019. Once again, the strength was broad-based throughout our worlds. New store growth continued with the opening of 34 new stores across... More
