Shares of Five Below Inc. traded higher by 2 percent on Thursday after the company reported better-than-expected earnings and revenue numbers for the third quarter.
Earnings
Five Below reported third-quarter adjusted earnings per share (EPS) of 43 cents on revenue of $607.6 million. Both numbers topped consensus analyst estimates of 29 cents and $563.9 million. Revenue was up 27.3 percent from a year ago.Operating income was up 75 percent to $42 million in the third quarter. The company’s store count was also up 15.2 percent from a year ago to 1,173total stores in 40 different U.S. states.