Five Below (FIVE) PT Raised to $196 at Truist Securities

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Go back to Five Below (FIVE) PT Raised to $196 at Truist Securities

Five Below (FIVE) gains on beat and raise, analysts raise numbers

December 1, 2022 8:29 AM EST

Five Below (NASDAQ: FIVE) posted Q3 earnings that came ahead of the average analyst estimates and paved the way for the company to raise its full-year forecast.

FIVE posted EPS of $0.29 on revenue of $607.6 million, which compares to the consensus of earnings of $0.14 on sales of $610.46M. Net sales rose by over 6% in the third quarter while comparable sales fell 2.7%, better than the feared 5.9% drop.

Joel Anderson, President and CEO of Five... More