All articles tagged with #five below
Originally Published 1 year ago — by CNBC
American Eagle Outfitters, Five Below, and MicroStrategy are among the stocks experiencing significant premarket movements. These shifts are drawing attention from investors as they assess market trends and company performances.
Originally Published 1 year ago — by The Motley Fool
Following Donald Trump's election victory, stocks of companies like Five Below, Wayfair, and Yeti Holdings are plunging due to concerns over proposed tariffs on Chinese imports, which could increase costs and impact profit margins. While investors are reacting negatively, the long-term effects of Trump's policies remain uncertain, and companies may adapt by adjusting prices or supply chains. Analysts suggest that immediate panic selling may be premature, as the actual implementation and impact of these policies are still unknown.
Originally Published 1 year ago — by ABC News
Five Below's CEO and President Joel Anderson has stepped down amid weak sales and financial challenges. Kenneth Bull will serve as interim CEO while the company searches for a permanent replacement. The retailer has cut its financial outlook for the current quarter, citing slower spending by lower-income shoppers and increasing theft. Shares fell over 9% in after-hours trading.
Originally Published 1 year ago — by Yahoo Finance
Shares of Five Below, Spirit Airlines, and JB Hunt Transport Services are slipping in after-hours trading due to disappointing second quarter earnings guidance and results. Five Below announced a CEO transition and slashed its earnings forecast, Spirit Airlines cut its revenue guidance due to lower non-ticket revenue, and JB Hunt reported earnings and revenue below Wall Street expectations.
Originally Published 1 year ago — by CNBC
Stocks of companies including Five Below, Interactive Brokers, and J.B. Hunt saw significant movements in after-hours trading.
Originally Published 1 year ago — by CNBC
Five Below CEO Joel Anderson highlighted that lower-income consumers are feeling stretched due to prolonged inflation, impacting the retailer's performance. The company reported lower-than-expected revenue for the first quarter and issued soft guidance for the rest of the year, causing shares to drop nearly 11%. Despite some economic improvements, consumer sentiment remains low, with many Americans mistakenly believing the country is in a recession.
Originally Published 1 year ago — by The Motley Fool
Five Below's stock dropped over 12% after the discount retailer reported disappointing first-quarter earnings, with revenue and earnings per share missing estimates. The company's growth came solely from new stores, as comparable sales declined. Looking ahead, Five Below expects continued challenges, forecasting lower-than-expected revenue and earnings for the next quarter.
Originally Published 1 year ago — by CNBC
Stocks of companies including Five Below, Salesforce, Lululemon, and Instacart are experiencing significant movements midday.
Originally Published 1 year ago — by Investing.com
U.S. stock futures traded in tight ranges following weekly jobless claims data. Lululemon surged 5% on strong earnings, while Five Below fell 13% after cutting its sales forecast. Victoria's Secret dropped 5% due to a net loss, and Nvidia fell 1.7% after its market cap topped $3 trillion. Lyft rose 3.8% on positive financial targets.
Originally Published 1 year ago — by PYMNTS.com
Five Below reported a 2.3% decline in comparable sales for the first quarter, attributing the drop to reduced spending by lower-income consumers impacted by inflation. Despite this, net sales rose 11.8% due to the opening of 61 new stores. The company plans to focus on trend identification, value communication, and cost optimization to drive sales, and expects a mid-single digit decrease in comparable sales for the current quarter and a 3% to 5% decrease for fiscal 2024. Five Below aims to expand to 3,500 stores by 2030.
Originally Published 1 year ago — by Yahoo Finance
Five Below's shares dropped after missing first quarter earnings estimates and cutting full-year guidance, while Victoria's Secret beat its earnings estimates for the first quarter and reaffirmed its full-year outlook despite forecasting a slight decrease in second quarter net sales.
Originally Published 1 year ago — by Yahoo Finance
Five Below Inc. has reduced its annual sales forecast after experiencing a decline in same-store sales due to decreased demand for Squishmallows, as consumers prioritize spending on essentials. This led to an 18% drop in the company's shares in extended trading.
Originally Published 1 year ago — by Yahoo Finance
Chewy falls short of first-quarter sales guidance but surpasses fourth-quarter revenue estimates, Five Below shares tumble after missing fourth-quarter earnings estimates and forward guidance expectations, while KB Home raises its full-year revenue outlook after topping first-quarter estimates.
Originally Published 2 years ago — by CNBC
After-hours trading saw several notable moves in the stock market. CrowdStrike, a cybersecurity company, gained 1% after beating second-quarter expectations. Okta, an identity and access management company, surged 10% after exceeding analysts' second-quarter expectations and providing a strong outlook. Salesforce climbed 5.6% as it reported fiscal second-quarter earnings and revenue that surpassed estimates, along with a robust third-quarter outlook. However, Five Below fell 7% after sharing a weak outlook for the third quarter. Victoria's Secret also experienced a 2.7% slide after posting disappointing second-quarter results and anticipating a third-quarter loss.
Originally Published 2 years ago — by The Motley Fool
CrowdStrike, Five Below, and Salesforce are among the companies set to release their quarterly financial reports next week. CrowdStrike, a leading provider of cloud-based security solutions, has seen its stock rise 40% this year and is expected to continue its positive performance. Five Below, a discount retailer, appeals to younger audiences with its "cheap chic" approach and is projected to show sales and earnings growth. Salesforce, a cloud computing pioneer, has experienced slower growth but is focusing on bottom-line gains and efficiency. These earnings reports have the potential to impact the market.