Categories AlphaGraphs, Earnings, Retail
Earnings: A snapshot of Five Below’s (FIVE) Q4 2022 results
Discount store chain Five Below Inc. (NASDAQ: FIVE) reported higher profit for the fourth quarter of fiscal 2022 when its revenues increased by double digits.
Sales increased 13% year-over-year to $1.12 billion in the fourth quarter. The company opened 48 new stores and ended the period with 1,340 outlets in 42 states. Comparable-store sales moved up by 1.9% during the three-month period.
Net profit advanced to $171.3 million or $3.07 per share in the fourth quarter from $140.2 million or $2.49 per share in the same period of 2021.
Read management/analysts’ comments on quarterly results
“We plan to open a record 200 new stores, convert 400 stores to the new Five Beyond format, roll out new categories and services and enhance marketing, all while leveraging data analytics and our ve-node DC network to continue to deliver the Wow that is our customer promise,” 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
Earnings Infographic: Highlights of Nike’s Q3 2023 results
Sportswear giant Nike, Inc. (NYSE: NKE) on Tuesday reported a decrease in earnings for the third quarter of 2023, when its revenues increased by 14%. Third-quarter net income was $1.24
Signet Jewelers (SIG) expects a challenging environment for the jewelry industry in FY2024
Shares of Signet Jewelers Limited (NYSE: SIG) were up over 1% on Tuesday. The stock has gained 10% year-to-date and 12% over the past three months. The company saw its
Foot Locker (FL) to revamp brands; sees turnaround this year
After an unimpressive holiday quarter performance, athletics apparel retailer Foot Locker, Inc. (NYSE: FL) is on a drive to reset the brand for serving a broader customer base. It is
