On August 30 2023, FIVE BELOW ($NASDAQ:FIVE) reported their Q2 earnings for fiscal year 2024, which showed total revenue of USD 759.0 million for the period ending July 31 2023 – representing an increase of 13.5% from the same quarter a year prior. Net income also saw a 13.3% year-over-year increase to USD 46.8 million.
On Wednesday, August 30 2023, FIVE BELOW reported strong financial results for the second quarter of FY2024. The company’s stock opened at $181.5 and closed at $183.0, representing a 0.1% increase from its previous closing price of 182.7. Overall, FIVE BELOW’s Q2 results exceeded analysts’ expectations. This represents a strong performance compared to the same period last year. In terms of product categories, FIVE BELOW saw growth across its five main product categories: Apparel, Accessories & Footwear, Electronics & Accessories, Home & Party, Toys & Sporting Goods, and Room Decor & Storage.
The company reported double-digit percentage growth in all five categories on a year-over-year basis. Looking forward, FIVE BELOW is confident that its Q2 results are indicative of the company’s long-term potential for success. The company believes that its strong financial performance is a testament to its commitment to delivering value to customers at an affordable price point. Overall, FIVE BELOW reported strong Q2 earnings for FY2024 and is optimistic about the future prospects of the company. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Five Below. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Five Below. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Five Below. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Five Below are shown below. More…
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At GoodWhale, we’ve taken a deep dive into the fundamentals of FIVE BELOW, and we’d like to share our findings with you. Our Risk Rating indicates that this is a relatively low risk investment in terms of financial and business aspects. Overall, FIVE BELOW’s balance sheet looks healthy. However, we have detected one risk warning that we think you should know about. If you sign up with GoodWhale, we can provide you with more detailed results and insights. We’ll also make sure that you receive any future updates about FIVE BELOW’s financial health. More…
Risk Rating Analysis
Star Chart Analysis
Despite the intense competition, Five Below Inc continues to thrive and has managed to carve out a niche for itself in the market.
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Five Below’s second-quarter results for fiscal year 2024 demonstrated strong financial performance, with total revenue growth of 13.5% and net income growth of 13.3% compared to the same period last year. The company’s performance reflects a strong customer base and successful strategies to increase sales, such as expanding its product offerings and focusing on digital channels to reach new customers. Investors should take note of the company’s solid financial performance and potential growth, as they consider investing in Five Below’s stock.