Five Below, Inc. (FIVE) Q1 2024 Earnings

Five Below, Inc. (FIVE) reported its 1st quarterly earnings for FY2024 on June 5th after-market.

Non-GAAP EPS of $0.60 missing consensus of $0.63 by 5%.

Revenue was $811.9M missing average estimate of $834.7M by 2.68%

Q2 GUIDANCE:

Net sales are expected to be in the range of $830 million to $850 million vs the consensus average revenue of $882.83 million

Diluted income per common share is expected to be in the range of $0.57 to $0.69 vs the average consensus EPS of $0.99

FY2024 GUIDANCE:

Net sales are expected to be in the range of $3.79 billion to $3.87 billion

Diluted income per common share is expected to be in the range of $4.97 to $5.37

Share is down by 17.23% after hours.