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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
