From Globenewswire:

In Q4, Five Below saw a 19% increase in net sales and a 3.1% increase in comparable sales. For fiscal 2023, there was a 16% increase in net sales and a 2.8% increase in comparable sales. The company provided guidance for Q1 and fiscal 2024, with expected net sales of $826M-$846M for Q1 and $3.97B-$4.07B for fiscal 2024. Net income is expected to be in the range of $32M-$38M for Q1 and $318M-$346M for fiscal 2024. Diluted income per common share is expected to be $0.58-$0.69 for Q1 and $5.71-$6.22 for fiscal 2024. Gross capital expenditures are expected to be approximately $365M in fiscal 2024. Opening new stores and improving profitability are key priorities for the company moving forward.



Read more at Globenewswire:: Five Below, Inc. Announces Fourth Quarter and Fiscal 2023