Discount retailers Five Below Inc. (NSD:FIVE) and Dollar General Corp. (NYE:DG) have reported their Q4 results, with Five Below just exceeding expectations and Dollar General posting mixed results. Five Below reported earnings of $3.07 per share, a 23% increase, on 12.7% revenue growth to $1.12 billion. Comparable sales also rose 1.9%, beating forecasts of 0.9% growth. For its upcoming first quarter, Five Below has guided earnings to range from 59 cents to 65 cents per share on $723 million to $735 million in net sales, just below the FactSet earnings forecast. Five Below also plans to open a record 200 stores in 2023, up from 150 new stores in 2022.
Dollar General Earnings Growth
Dollar General reported earnings growth of 14.7% to $2.96 per share and revenue growth of 17.9% to $10.2 billion, which beat Wall Street estimates of $2.95 per share but fell short of sales forecasts. Same-store sales increased 5.7%, just shy of forecasts for 5.8% growth. For the 2023 fiscal year, Dollar General anticipates diluted EPS growth of 4% to 6% on 5.5% to 6% net sales growth, and same-store sales growth is expected to range from 3% to 3.5%. The company also plans to invest $100 million in its stores, primarily in incremental labor hours, and to open 1,050 new stores, remodel 2,000 locations, and relocate 120 of its shops. Five Below stock fell 3.6% premarket Thursday, while Dollar General stock slipped 2% premarket Thursday after gaining 1.4% Wednesday to 218.56.
Five Below Inc Stock Forecast
Five Below Inc’s average analyst rating is Strong Buy with an average target price of USD 205.85 based on forecasts from 26 analysts over the next 12 months. However, Stock Target Advisor’s own analysis of the company is Neutral, taking into account 4 positive signals and 4 negative signals. The stock’s last closing price was USD 198.17, reflecting a -1.33% change over the past week, -4.90% over the past month, and a +28.72% increase over the last year.
Dollar General Corporation Stock Analysis
Dollar General Corporation is expected to have an average analyst target price of USD 257.53 in the next 12 months, according to forecasts from 10 top analysts. The company’s average Top Analyst rating is Strong Buy. Meanwhile, Stock Target Advisor’s analysis of Dollar General Corporation shows a Slightly Bullish outlook, with 9 positive signals and 5 negative signals. The current stock price of Dollar General Corporation is USD 218.56 as of the last market close. The stock has seen a slight increase of 0.41% over the past week, but a decrease of 5.85% over the past month. However, the stock has shown a positive trend over the last year, with an increase of 2.01%.