Five Below shares drop despite earnings beat and raised outlook (FIVE)
Five Below (FIVE) shares dropped despite the company reporting an earnings beat, with Q1 adjusted EPS of $0.60 against an analyst consensus of $0.57 revenue of $364.7 million versus $360.5 million. The company also raised its full-year guidance, now expecting adjusted EPS between $5.73 and $6.03 (up from $5.40-$5.71) and revenue between $3.90 billion and $3.97 billion (up from $3.86-$3.93 billion). Despite these positive results, the stock declined after the announcement.
https://www.msn.com/en-us/money/companies/five-below-shares-drop-despite-earnings-beat-and-raised-outlook-five/ar-AA24PgZa?ocid=finance-verthp-feeds