Holiday Cheer for Five Below Investors
Strong Sales Performance Boosts Stock
Shares of specialty discount store chain Five Below Inc. (NASDAQ:FIVE) are surging in premarket trading Monday, driven by an impressive 2024 holiday sales report. The company’s net sales jumped 8.7% to $1.19 billion during the nine-week holiday period, outpacing last year’s sales of $1.10 billion.
Focus on Customer Experience Pays Off
According to Tom Vellios, Executive Chairman and co-founder, the company’s efforts to enhance product offerings, value, and store experience are resonating with customers. “We’re encouraged by the early response to these investments and look forward to continued progress in 2025,” Vellios said.
Guidance Revised Upward
Five Below now expects fourth-quarter sales to fall within the upper half of its previously provided guidance range of $1.35 billion – $1.38 billion. The company reiterated its fourth-quarter EPS guidance, with adjusted EPS forecasted between $3.23 and $3.41.
Annual Outlook Remains Strong
For the full year, Five Below’s net sales guidance stands at $3.84 billion – $3.87 billion, with a comparable sales decrease of around 3%. The company’s full-year EPS outlook is $4.34 – $4.52, with adjusted diluted EPS forecasted to be $4.78 – $4.96.
Investors React Positively
FIVE shares are trading higher by 1.98% at $105.24 in premarket, reflecting investor optimism about the company’s prospects. As the retail landscape continues to evolve, Five Below’s focus on customer experience and value appears to be paying off.
Leave a Reply