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Five Below (NASDAQ:FIVE) reported its Q2 results, with EPS of $0.74 coming in worse than the consensus estimate of $0.79.
Q2 Revenue increased 3.5% year-over-year to $668.9 million, missing the consensus estimate of $682.26 million. Comparable sales were down 5.8% year-over-year.
“We delivered earnings per share within our guidance range despite lower than expected sales, which we believe were largely driven by the impact of accelerated inflation on our customers’ purchasing behavior during the quarter. We have revised our guidance for the year to reflect our year-to-date performance and updated second half outlook,” said Joel Anderson, President and CEO of Five Below.
The company expects Q3/22 EPS to be in the range of $0.08-$0.19, compared to the consensus of $0.29, and revenue in the range of $600-619 million, compared to the consensus of $636.5 million.
For the full 2022-year, the company expects EPS in the range of $4.26-$4.56, compared to the consensus of $4.83, and revenue in the range of $2.97-3.02 billion, compared to the consensus of $3.07 billion.
By Davit Kirakosyan