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December 6, 2013
11:50 EDTFIVEFive Below retreats after revenue, guidance miss expectations
Shares of discount retailer Five Below (FIVE) are falling after the company last night reported lower than expected revenue and provided weaker than expected full-year guidance. WHAT'S NEW: Five Below's third quarter revenue was slightly below analysts' consensus estimate, and its fiscal 2013 profit guidance, excluding certain items, also came in below the consensus. The retailer's full-year revenue guidance missed the consensus outlook by a small amount. Five's Below third quarter comparative sales increase, however, was higher than expected, said Five Below CEO Tom Vellios. However, the bracelet and bands fad which had boosted the company's sales in previous quarters has moderated, Vellios added. ANALYST REACTION: In a note this morning, Deutsche Bank analyst Paul Trussell recommended that investors buy Five Below's stock on weakness. The company's third quarter same-store sales and margins were much better than expected, while the retailer still remains well-positioned to generate 30%-40% growth over the long-term, the analyst wrote. He kept a Buy rating on the shares. PRICE ACTION: In late morning trading, Five Below fell $1.90, or 4%, to $45.85.
News For FIVE From The Last 14 Days
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April 21, 2014
11:30 EDTFIVEFive Below management to meet with Sterne Agee
Meeting to be held in Philadelphia on April 24 hosted by Sterne Agee.
April 10, 2014
07:15 EDTFIVEFive Below management to meet with UBS
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