Five Below reports Q4 EPS $3.65, consensus $3.78

Reports Q4 revenue $1.34B, consensus $1.35B. Comparable sales increased by 3.1% on a thirteen week basis. Joel Anderson, President and CEO of Five Below, stated, “Holiday 2023 marked a strong end to the year for sales performance as our amazing assortment of Wow product drove yet another quarter of comp transaction growth, led by the Five Beyond format stores. In fiscal 2023, we opened a record 205 new stores and ended the year with over half of our comparable stores in the Five Beyond format. The benefit of strong sales performance to our profitability was offset by higher than anticipated shrink headwinds, resulting in earnings at the low end of our guidance range.”