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Specialty Retailer Set to Post Second Quarter Results Wednesday Afternoon

June 27, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer is keeping an eye on Five Below (FIVE) as the specialty retailer gets set to release its latest quarterly results Wednesday. Five Below, which offers a variety of products for teens and pre teens, will post its second quarter earnings results after the close on Wednesday, September 2. Cramer says he’s looking at Five Below because ‘the last quarter was extraordinarily strong, I expect the stock to be brought down hard, it’s a great buy ahead of Halloween when they do a huge amount of business, I think the risk is very low.’ He tells investors, ‘you put half on before and then half on after.’ Cramer says Five Below is a very interesting retail name with no China exposure ‘other than the fact that they buy a lot of nonsense from China and they get to pay less now.’ Analysts polled by Reuters are expecting the company to post earnings of $0.13 a share on revenue of $184.69 million for the quarter.

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