The earnings call reflected a generally positive outlook for Five Below, with strong sales growth, successful store expansion, and the promising performance of the Five Beyond format. However, challenges such as a decrease in gross margin and operating income were noted. The company remains well-positioned financially for future growth.

Company Guidance

During the Five Below third quarter 2023 earnings call, the company reported strong financial performance, exceeding its guidance on sales, comparable sales (comps), and earnings. The third quarter saw a sales growth of over 14% to $736 million and a 2.5% increase in comp sales, driven by a 3% rise in transactions. The company opened a record 74 new stores, contributing to a total of 1,481 stores, and continued to convert locations to the new Five Beyond format, which now represents about 50% of the comparable store base. Five Below achieved diluted earnings per share of $0.26, surpassing the high end of its guidance by $0.01. Looking ahead, the company provided guidance for the fourth quarter, anticipating net sales of $1.32 billion to $1.35 billion, a 17.6% to 20.2% increase, with comp sales expected to rise between 2% and 3%. For the full fiscal year 2023, Five Below raised the lower end of its sales expectations to $3.54 billion, maintaining the high end at $3.57 billion, with an anticipated comp sales increase of approximately 2.5%.

Record Store Expansion

Opened a record 74 new stores in Q3 2023, marking a significant expansion across 31 states, with a plan to open over 200 stores for the year.

Sales Growth

Sales increased by 14.2% to $736 million with a 2.5% increase in comparable sales, driven by a 3% rise in comp transactions.

Five Beyond Format Success

Approximately 50% of the comparable store base is now in the Five Beyond format, achieving mid-single-digit comp outperformance in the first year post conversion.

Strong Financial Position

Ended Q3 with $163 million in cash and no debt, positioning well for future growth.

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Five Below Inc (GB:0IPD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0IPD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 06, 2018	2018 (Q2)	- / 0.45	0.3	50.00% (+0.15)	―	―
Dec 05, 2018	2018 (Q3)	- / 0.24	0.18	33.33% (+0.06)	―	―
Mar 27, 2019	2018 (Q4)	- / 1.59	1.21	31.40% (+0.38)	―	―
Jun 05, 2019	2019 (Q1)	- / 0.46	0.39	17.95% (+0.07)	―	―
Aug 28, 2019	2019 (Q2)	- / 0.51	0.45	13.33% (+0.06)	―	―
Dec 04, 2019	2019 (Q3)	- / 0.18	0.24	-25.00% (-0.06)	―	―
Mar 18, 2020	2019 (Q4)	- / 1.97	1.59	23.90% (+0.38)	―	―
Jun 09, 2020	2020 (Q1)	- / -0.91	0.46	-297.83% (-1.37)	―	―
Sep 02, 2020	2020 (Q2)	- / 0.53	0.51	3.92% (+0.02)	―	―
Dec 02, 2020	2020 (Q3)	- / 0.36	0.18	100.00% (+0.18)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0IPD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 04, 2024	$103.89	$115.80	+11.46%
Aug 28, 2024	$78.86	$79.27	+0.53%
Jun 05, 2024	$134.07	$117.08	-12.67%
Mar 20, 2024	$208.79	$176.63	-15.41%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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