Five Below Crushes Q3, Bullish on Q4

Five Below exceeds earnings and revenue expectations in Q3, reporting net income of $36.5 million and sales of $1.04 billion. Analysts had predicted significantly lower earnings and revenue. The company remains optimistic for Q4, projecting earnings per share between $3.00 and $3.54 and revenue between $1.58 billion and $1.61 billion. For the full fiscal year, Five Below anticipates earnings per share of $5.71 to $5.89 and total revenue of $4.62 billion to $4.65 billion.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.