Friday, September 1, 2017

Five Below bullish as Q2 profit, sales beat the Street

Five Below celebrated its fifth anniversary as a public company with an exceptionally strong second quarter performance that topped expectations.
Revenue rose 28.7% to $283.3 million in the quarter ended July 29, topping analysts' estimates of $276.6 million. Same-store sales jumped 9.3%, the highest since the chain's IPO in June 2012.
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