Five Below Tops Fiscal Q4 Expectations
The discount retailer beat analysts' estimates for EPS and revenue.
Five Below (NASDAQ:FIVE), a retail chain known for selling products priced at $5 or less, released its results for its fiscal 2024 fourth quarter on March 19. Adjusted EPS of $3.48 outpaced analysts' expectations of $3.38, while revenue of $1.39 billion marginally exceeded estimates of $1.38 billion.
Source: Analysts' estimates provided by FactSet.
Five Below, a retailer focusing on low-cost products, heavily targets the tween and teen demographic. It grew its store count in fiscal 2024, focusing on rigorous site selection for new locations. Its ability to quickly adapt to market trends with high item velocity, ensuring relevance in merchandise, has been a key factor in its success. Its focus remains on expanding its physical footprint and enhancing the in-store experience.
