Shares of Five Below (NASDAQ:FIVE) fell in after-hours trading after the company reported earnings for its fourth quarter of Fiscal Year 2022. Earnings per share came in at $3.07, which slightly beat analyst expectations of $3.06. Sales increased by 12.4% year-over-year, with revenue hitting $1.12 billion. This beat analysts’ expectations of $1.11 billion.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Five Below opened 48 new stores, ending the quarter with 1,340 stores across 42 states. That’s 12.6% higher than the same time last year. Those stores also sold more, too; comparable sales were up 1.9% in the fourth quarter.
Looking forward, management now expects revenue for Q1 2023 to be in the range of $723 million to $735 million. EPS is expected to be in the range of $0.59 – $0.65. For reference, analysts were expecting $730.25 million in revenue and $0.69 in EPS. As for the full year, management expects revenue between $3.49 billion and $3.59 billion, with 200 new stores opened and comparable sales up between 1% and 4%. EPS is expected between $5.25 and $5.76.

Overall, Wall Street has a consensus price target of $217.35 on Five Below, implying 9.68% upside potential, as indicated by the graphic above.
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue