From Financial Modeling Prep: 2024-12-05 10:28:00

Five Below (NASDAQ:FIVE) saw its shares surge over 14% after reporting strong third-quarter results, exceeding analyst expectations with adjusted EPS of $0.42 and revenue of $843.7 million, up 14.6% year-over-year. The company also raised its fiscal 2024 guidance, projecting adjusted EPS of $4.78 to $4.96 on revenue of $3.84 billion to $3.87 billion, above Wall Street estimates.

The discount retailer anticipates fourth-quarter revenue between $1.35 billion and $1.38 billion, with adjusted EPS ranging from $3.23 to $3.41, factoring in a 3-5% decline in comparable sales. This comes after announcing a new CEO and a modest 0.6% increase in comparable sales during the third quarter.



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