Five Below (NASDAQ:FIVE) shares rose more than 5% after-hours following the company’s reported Q1 results, with EPS of $0.67 coming in better than the consensus estimate of $0.63.
Revenue was $726.2 million, compared to the consensus estimate of $728.67M. Comparable sales increased by 2.7% versus Q1/22.
“We are pleased with our first quarter results that were in line with our outlook highlighted by a 3.9% comp transaction increase. While our customers face multiple macro headwinds, we continue to be there for them, flexing our offering to bring them the Wow products they need and want,” said CEO Joel Anderson.
For Q2/24, the company expects EPS in the range of $0.80-$0.85, compared to the consensus of $0.88, and revenue in the range of $755-$765M, compared to the consensus of $768M.
For the full year, the company expects EPS of $5.31-$5.71, compared to the consensus of $5.60, and revenue of $3.5-$3.57 billion, compared to the consensus of $3.57B.