Why Five Below Shares Are Falling Today

Benzinga2021-09-02

Five Below Inc (NASDAQ:FIVE) is trading lower Thursday after the company announced mixed second-quarter financial results and refrained from providing full-year guidance because of uncertainty.

Five Below reported quarterly earnings of $1.15 per share, which beat the estimate of $1.11 per share. The company reported quarterly revenue of $646.6 million, which came in below the estimate of $646.93 million.

Five Below expects third-quarter earnings to be in a range of 23 cents per share to 30 cents per share versus the estimate of 27 cents per share. The company expects third-quarter revenue to be in a range of $550 million to $565 million versus the estimate of $550.25 million.

Five Below refrained from providing full-year guidance "given the uncertainty related to COVID-19, potential future shifts in consumer spending, and ongoing global supply chain disruption."

“The third quarter is off to a strong start from a sales perspective. We are innovating across our three key strategic priorities: product, experience and supply chain, where the teams are working diligently to mitigate the impact of global disruptions," said Joel Anderson, president and CEO of Five Below.

FIVE Price Action: Five Below has traded as high as $237.83 and as low as $108.51 over a 52-week period.

The stock was down 8.29% at $198.15 at time of publication.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

dw321
2021-09-02
dw321
Noted
AuroraJ
2021-09-02
AuroraJ
Why... Oh why...
- AuroraJ:
  ?
Dindindino
2021-09-02
Dindindino
Like
Anni001
2021-09-02
Anni001
Please help like and commentThanks
- Gold75:
  Done
- Dazhu:
  done
- Universe宇宙:
  ?
beebeeyan
2021-09-02
beebeeyan
ok
ZhaoYingying
2021-09-02
ZhaoYingying
Like
- beebeeyan:
  ok

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