The chart below shows how FIVE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FIVE sees a -1.92% change in stock price 10 days leading up to the earnings, and a -0.01% change 10 days following the report. On the earnings day itself, the stock moves by -0.65%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Third Quarter Sales Increase: Sales in the third quarter increased 15% to $844 million with a comp increase of six-tenths of a percent.
Earnings Per Share Beat: Adjusted EPS was $0.42, ahead of guidance.
Sales Growth Q3 2024: Total sales in the third quarter of 2024 increased 14.6% to $843.7 million from $736.4 million in the third quarter last year.
Record Store Openings: We opened a record 82 stores during the third quarter, delivering growth of 18% versus last year's third quarter store count.
Q3 Adjusted Gross Profit Growth: Adjusted gross profit for the third quarter of 2024 was $280.1 million, an increase of 25.7%.
Negative
Sales Growth Analysis: Sales in the third quarter increased 14.6% to $843.7 million from $736.4 million in the third quarter last year, but comparable sales increased only 0.6%, indicating a slowdown in growth.
Operating Income Decline: Adjusted operating income was $27.6 million, reflecting a decline in operating margin to 3.3% compared to 2.2% last year, highlighting ongoing cost pressures.
SG&A Percentage Increase: Adjusted SG&A as a percentage of sales increased approximately 180 basis points to 29.9% versus last year's third quarter, driven primarily by increases in store payroll and fixed cost deleverage.
Inventory Increase Analysis: Inventory at the end of the third quarter was $818 million compared to $763 million at the end of the third quarter last year, indicating a significant increase in stock levels that could lead to markdowns.
Earnings Per Share Increase: Adjusted earnings per diluted share for the third quarter was $0.42 compared to last year's $0.26, while still reflecting concerns over margin compression and cost management.
Five Below, Inc. (FIVE) Q3 2024 Earnings Call Transcript
FIVE.O
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