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  • 1 week ago
Five Below beat second-quarter estimates, raised its annual outlook and reported strong comparable sales growth.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Five Below reported fiscal second quarter adjusted earnings of $1.68 per share on revenue of $1.26
00:10billion, beating analyst estimates of $1.38 per share and $1.22 billion, according to Benzinga.
00:18Revenue rose 22.9% from $1.03 billion a year earlier, while comparable sales increased 14.1%.
00:27The retailer opened 52 net new stores during the quarter, bringing its total to 2,022 locations
00:34across 46 states. Adjusted operating income rose to $1.13.2 million from $1.55.1 million a year
00:44earlier. Five Below raised its fiscal 2026 adjusted earnings outlook to between $9.83 and $10.31
00:52per share, and its revenue forecast to between $5.63 billion and $5.71 billion.
01:01Shares rose 5.67% to $256.85 in Wednesday's extended trading, according to data from Benzinga Pro.
01:10For all things money, visit Benzinga.com.
01:13Thank you to be here.
01:14You
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