LOGO
LOGO

Intraday Alerts

Five Below Stock Drops 12% On Q4 Results, Weak Outlook

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Shares of Five Below, Inc. (FIVE) are slipping over 12% on Thursday morning after the company reported a fourth-quarter profit that fell short of expectations, and also issued a weak outlook for the first quarter.

FIVE is currently trading at $183.29, $25.68 or 12.29%, on the Nasdaq. The stock opened its trading at $183.00 after closing Wednesday at $208.97. The stock has traded between $144.57 and $220.19 in the past 52-week period.

Sales increased by 19.1% to $1.34 billion from $1.12 billion in the fourth quarter last year.

Profit for the fourth quarter was $202.2 million or $3.65 per share, compared to $171.3 million or $3.07 per share last year. Analysts polled by Thomson Reuters expected earnings of $3.78 per share for the quarter.

Looking forward to the first quarter, sales are expected to be in the range of $826 million to $846 million and earnings of $0.58 to $0.69 per share. Analysts currently estimate revenues of $851.96 million and earnings of $0.76 per share.

For comments and feedback contact: editorial@rttnews.com

Business News

Get Access to Premium Stock Alerts with RTT Biotech Investor.
Global Economics Weekly Update - May 04 – May 08, 2026

May 08, 2026 15:50 ET
Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.

RELATED NEWS
Latest Updates on COVID-19