Five Below (NASDAQ:FIVE) announced its third-quarter earnings, reporting an earnings per share (EPS) of $0.26, which surpassed the Street estimate of $0.23.
The company experienced a 14.2% year-over-year increase in revenue, reaching $736.4 million, which exceeded the predicted consensus of $727.6 million. Additionally, comparable sales saw a 2.5% increase from the previous year.
Looking ahead to the fourth quarter of 2024, Five Below projects its EPS to be between $3.64 and $3.80, which is around the Street forecast of $3.70. Revenue expectations for the quarter are set between $1.32 billion and $1.355 billion, closely aligning with the consensus prediction of $1.34 billion.
For the entire fiscal year, the company forecasts its EPS to be in the range of $5.40 to $5.56, compared to the Street estimate of $5.45. Revenue is anticipated to be between $3.54 billion and $3.57 billion, compared to the Street estimate of $3.55 billion.