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Aug 28, 2024 5:10 PM

Five Below Stock Climbs After Q2 Results: EPS In-Line, Sales Beat

Five Below, Inc. (NASDAQ:FIVE) reported its second-quarter financial results after Wednesday's closing bell. Here's a look at the key figures from the report.  

The Details: Five Below reported quarterly earnings of 54 cents per share, in-line with the analyst consensus estimate. Quarterly sales clocked in at $830.07 million, which beat the consensus estimate by 0.96% and represents a 9.37% increase from the same period last year.

The company said net sales increased by 9.4% year-over-year, while comparable sales decreased by 5.7%. Five Below opened 62 new stores and ended the quarter with 1,667 stores in 43 states. This ...