06:46 AM EDT, 03/21/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Five Below's ( FIVE ) shares fell more than 12% in premarket activity Thursday after the company's fiscal Q4 earnings and revenue growth lagged forecasts.

The company reported fiscal Q4 earnings late Wednesday of $3.65 per diluted share, up from $3.07 a year earlier.

Analysts polled by Capital IQ expected $3.78.

Net sales for the quarter ended Feb. 3 was $1.34 billion, up from $1.12 billion a year earlier. Analysts surveyed by Capital IQ expected $1.35 billion.

The company said it expects fiscal Q1 EPS of $0.58 to $0.69 and net sales ranging from $826 million to $846 million. Analysts in a Capital IQ poll expect $0.77 and $851.5 million, respectively.

For fiscal 2024, it expects EPS of $5.71 to $6.22 and net sales in the range of $3.97 billion to $4.07 billion. Analysts in a Capital IQ survey expect $6.46 and $4.11 billion, respectively.

Price: 182.33, Change: -26.64, Percent Change: -12.75