Categories AlphaGraphs, Consumer, Earnings
Earnings: A snapshot of Five Below’s (FIVE) Q2 2023 results
Discount store chain Five Below Inc. (NASDAQ: FIVE) reported an increase in net profit and sales for the second quarter of fiscal 2023 when its comparable store sales increased 2.7%.
Sales increased 14% year-over-year to $759 million in the second quarter. The company opened 44 new stores and ended the period with 1,407 outlets in 43 states. Comparable-store sales moved up by 2.7% during the three-month period.
Net profit advanced to $46.8 million or $0.84 per share in the second quarter from $41.3 million or $0.74 per share in the same period of 2022.
“We will continue to play offense on sourcing amazing products, capitalizing on an improved supply chain, opening a record number of new stores, and executing on the continued success of our Five Beyond store format,” said Five Below’s CEO Joel Anderson.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Trxade Health Inc. (NASDAQ: MEDS) Q1 2024 Research Summary
Trxade Health, Inc. (NASDAQ: MEDS) is a drug procurement and delivery platform that digitalizes the retail pharmacy experience. The company has a growing network of suppliers and partnerships with independent
Earnings Preview: Walmart (WMT) expected to report sales and profit gains in Q1
Over the years, Walmart Inc. (NYSE: WMT) has constantly diversified while maintaining its dominance in the retail world. The company is preparing to report financial results for the first three
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings