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Five Below misses, Victoria’s Secret beats earnings estimates

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Five Below misses, Victoria’s Secret beats earnings estimates

Yahoo Finance’s Julie Hyman breaks down some of the biggest names moving in after-hours trading.

Five Below (FIVE) shares are sinking after missing first quarter earnings estimates and cutting full-year guidance.

On the other hand, Victoria’s Secret (VSCO) topped its first quarter earnings estimates, reporting earnings per share of $0.12. The company reaffirmed its full-year outlook but forecast a decrease in its second quarter net sales.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Melanie Riehl

Video Transcript

Let’s take a look at what’s trending after hours, five below shares sliding after that company reported first quarter results, the company missing estimates on the top and bottom line comparable sales unexpectedly declining down 2.3% versus the expected rise over 1%.

Co Joel Anderson, noting the macro environment disproportionately affecting core lower income customers resulting in overall comp sales declines and five below also cut its full year guidance and we’ve got Victoria’s Secret topping earnings estimates for the first quarter reporting earnings per share of 12 cents.

The estimate was 10 cents while revenue coming in in line with expectations.

Victoria Secret, noting a challenging retail environment in North America and a very competitive promotional environment ie lots of sales.

The company reaffirming its full year outlook but forecasting second quarter net sales will decrease in the low single digit range compared to last year.

The shares not much changed.

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