Five Below jumps on better Q2 results than feared

Five Below

28/08/2024 22:37

** Shares of Five Below  FIVE.O  up nearly 7.8% at $85.12,
after the bell
    ** The discount store operator posts Q2 adjusted EPS of 54
cents, matching LSEG ests.
    ** Quarterly comparable sales down 5.7%, ahead of the LSEG
est. of 5.2% decline
    ** "Our second quarter results fell short of what we know
this business is capable of delivering" - interim CEO Ken Bull
    ** Company sees FY24 revenue in the range of $3.73 bln to
$3.80 bln vs ests. of $3.78 bln 
    ** Expects adj. per-share profit in the range of $4.35 to
$4.71 vs LSEG est. of $4.69
    ** So far, stock is down more than 60%, YTD
    

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.Mishra@thomsonreuters.com))