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FIVE reported contradictory earnings in the fiscal third quarter of 2022, where Revenue grew by 6.153 % to $
645.03 millions in comparison to $607.65 millions on a year-over-year basis, while earnings per share dropped by -32.56 % to $0.29 per share, as a comparison to $0.43 in the prior year financial reporting period.
Revenue decreased by -3.572 % from $668.93 millions in previous period, profit plummeted by -60.81 % from $0.74 per share.
Over the same period, FIVE progressed in several decisive actions and the company continues to be determined.
Bottom-line of $16.146 millions in the August to October 29 2022 interval fell by -33.22 % from $24.177 millions in the corresponding period a year before. Five Below Inc shifted it's focus on improving sales in the August to October 29 2022 interval, as a result net margin eased to 2.5%.
Operating earnings, fell -50.68% to $20.934 millions, squeezing Five Below Inc 's operating margin to %.
Five Below Inc is expected to report next financial earnings on March 29, 2023.