By Davit Kirakosyan
Five Below (NASDAQ:FIVE) shares fell nearly 4% after-hours on the company’s reported dull outlook, despite Q4 results beating estimates.
Q4 EPS came in at $3.07, compared to the consensus estimate of $3.06. Revenue increased 12.7% year-over-year to $1.12 billion, compared to the consensus estimate of $1.11B. Comparable sales rose 1.9% year-over-year.
President and CEO Joel Anderson said that the company plan to open a record 200 new stores in 2023, convert 400 stores to the new Five Beyond format, roll out new categories and services and enhance marketing, all while leveraging data analytics and its five-node DC network to continue to deliver the Wow that is its customer promise.
The company expects Q1/24 EPS in the range of $0.59-$0.65, compared to the consensus of $0.68, and revenue in the range of $723-$735 million, compared to the consensus of $731M.
For the full year, the company expects EPS of $5.25-$5.76, compared to the consensus of $5.67, and revenue of $3.49-3.59B, compared to the consensus of $3.58B.