Friday, December 1, 2017

Five Below crushes earnings; shows strong momentum heading into holiday

Teen and tween fave Five Below blew past Street estimates in its third quarter, delivering better-than-expected top and bottom line for the fifth straight quarter and opening a record number of stores.

Five Below’s net sales increased 28.9% to $257.2, from $199.5 million last year. Analysts had expected $244.93 million. Same-store sales rose 8.5%, also more than expected. Traffic rose 8.5%.. . . more

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