From GlobeNewswire: 2024-12-04 16:02:00

Five Below, Inc. reported a 14.6% increase in Q3 net sales to $843.7 million, with a 0.6% rise in comparable sales. The company opened 82 new stores, ending the quarter with 1,749 stores. Q3 GAAP diluted EPS was $0.03, adjusted diluted EPS was $0.42, and operating loss was $0.6 million.

For the year to date period, net sales rose by 11.9% to $2.49 billion, despite a 2.6% decrease in comparable sales. Five Below opened 205 new stores and reported operating income of $77.1 million. Net income for the period was $66.2 million, with diluted income per common share at $1.20.

Five Below appointed Winnie Park as Chief Executive Officer, effective December 16, 2024. The company also provided outlook for Q4 and full year fiscal 2024, expecting net sales of $1.35 billion to $1.38 billion for Q4, and $3.84 billion to $3.87 billion for the full year. Adjusted diluted income per common share is forecasted to be in the range of $3.23 to $3.41 for Q4, and $4.78 to $4.96 for the full year.



Read more at GlobeNewswire:: Five Below, Inc. Announces Third Quarter Fiscal 2024