Five Below Delivers Blowout Q1 Earnings; Shares Pop 6% After-Hours
Specialty discount retailer Five Below, Inc. (FIVE) delivered a blowout quarter with both earnings and revenue outpacing the Streets expectations driven by elevated consumer demand. Shares were up 3% in early trading on Friday.
Earnings for the quarter stood at $0.88 per share, beating analysts estimates of $0.65 per share. The company reported a loss of $0.91 per share in the prior-year period.
Net sales came in at $597.8 million, up 197.6% year-over-year, and surpassed the Streets estimates of…
