Five Below Stock Plunges 11% on Q4 Miss & Disappointing Guidance

Five Below Stock Plunges 11% on Q4 Miss & Disappointing Guidance March 21, 2024, 9:55 a.m., readers: 5

Five Below (NASDAQ:FIVE) experienced a significant drop of over 11% in its stock price intra-day today. This decline followed the company's announcement of Q4 results and future financial projections that did not meet market expectations. The company reported an earnings per share of $3.65 for Q4, which was below the consensus estimate of $3.78. Additionally, its revenue for the quarter reached $1.34 billion, just under the forecasted $1.35 billion. Looking forward, Five Below has set its earnings per share forecast for the first quarter in the range of $0.58 to $0.69, which is lower than the anticipated $0.76 by analysts. The company also expects first-quarter revenue to be between $826 million and $846 million, below the analyst expectation of $852 million. For the entire 2025, Five Below predicts earnings per share will be between $5.71 and $6.22, falling below the consensus estimate of $6.47. The company also forecasts revenue for the year to be in the range of $3.97 billion to $4.07 billion, which does not meet the $4.11 billion expected by market analysts.

About NASDAQ: FIVE

F ive Below, Inc. operates as a specialty value retailer in the United States. It offers accessories, including socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options for the customers room.

Price: 149.30
Market cap: 8.2 billion USD
Eps: 5.41
P/e ratio: 27.60
Focus Analysis On: FIVE