FMP
Mar 21, 2024
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.
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