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“We are pleased to deliver second quarter results in line with our guidance on the top and bottom line. Notably, the 2.7% comparable sales increase was driven by a 4.5% increase in comp transactions, illustrating the success of our Five Beyond conversion strategy and the appeal of our extreme value, WOW offering,” said CEO Joel Anderson.
Despite roughly in-line Q2 results, the company’s guidance missed the analyst expectations.
For Q3/24, the company expects EPS of $0.17-$0.25, compared to the consensus of $0.40, and revenue of $715-$730M, compared to the consensus of $737.8M.
For the full year, the company expects EPS in the range of $5.27-$5.55, compared to the consensus estimate of $5.58, and revenue in the range of $3.5-$3.57 billion, compared to the consensus estimate of $3.56B.
