Five Below Q2 net sales +13.5% to $759M, EPS $0.84; FY EPS guidance cut on higher shrink reserves

FIVE BELOW, INC

2023-Q2 EPS reported $1.51 revenue$1,485,228,000

Q2 net sales $759M (+13.5% YoY); comparable sales +2.7% on 4.5% transaction growth.
Diluted EPS $0.84 (vs $0.74); net income $46.8M, operating income $58.6M.
Opened 40 new stores; ended quarter with 1,407 stores across 43 states (+12.4% YoY).
FY2023 EPS guidance lowered to $5.27-$5.55 due to higher shrink reserves; sales outlook unchanged at $3.50-$3.57B.
Q3 guidance: net sales $715M-$730M, EPS $0.17-$0.25, based on ~70 new stores.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIVE BELOW, INC reported Full year of Fiscal 2023 results: revenue $3.50 billion to $3.57 billion, net income $295 million to $311 million, EPS $5.27 to $5.55. Guidance reaffirmed.

Period: Full year of Fiscal 2023
Revenue: $3.50 billion to $3.57 billion
Net income: $295 million to $311 million
EPS: $5.27 to $5.55
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Net sales are expected to be in the range of $3.50 billion to $3.57 billion based on opening over 200 new stores and assuming an approximate 1% to 3% increase in comparable sales.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIVE BELOW, INC reported Third quarter of Fiscal 2023 results: revenue $715 million to $730 million, net income $10 million to $14 million, EPS $0.17 to $0.25. Guidance reaffirmed.

Period: Third quarter of Fiscal 2023
Revenue: $715 million to $730 million
Net income: $10 million to $14 million
EPS: $0.17 to $0.25
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Net sales are expected to be in the range of $715 million to $730 million based on opening approximately 70 new stores and assuming an approximate flat to 2% increase in comparable sales.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIVE BELOW, INC reported For the year to date period ended July 29, 2023 results: revenue $1,485.2 million, net income $84.3 million, EPS $1.51.

Period: For the year to date period ended July 29, 2023
Revenue: $1,485.2 million
Net income: $84.3 million
EPS: $1.51
Result: reported results

Exact text from the filing

Net sales increased by 13.5% to $1,485.2 million from $1,308.5 million in the year to date period of fiscal 2022; comparable sales increased by 2.7% versus the year to date period of fiscal 2022.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

FIVE BELOW, INC filing history →

Source: SEC EDGAR

accession 0001177609-23-000020

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.