Categories AlphaGraphs, Earnings, Retail
Earnings Infographic: Five Below (FIVE) stock gains as Q4 results beat
Discount store chain Five Below Inc. (NASDAQ: FIVE) reported higher earnings and sales for the final three months of fiscal 2020, benefiting from the shopping boom as people continued to stock up on essential items during the shutdown. The results also exceeded the market’s prediction.
Fourth-quarter net sales increased 25% year-over-year to $858.5 million, supported by a 13.8% growth in comparable-store sales. Consequently, net profit rose to $123.9 million or $2.20 per share from $110.4 million or $1.97 per share in the fourth quarter of 2019. Analysts had forecast a slower growth.
Read management/analysts’ comments on Five Below’s Q4 earnings
Shares of Five Below climbed to a record high this week, after gaining steadily for more than a year. The stock closed Wednesday’s trading higher and gained further during the extended session following the quarterly report.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed
