Five Below Stock Heats Up After Retailer Beats Q2 Revenue, EPS Estimates, Raises FY25 Outlook

Five Below Inc (NASDAQ: ) shares are moving higher in Wednesday’s after-hours session after the company reported better-than-expected results for the second quarter and issued strong guidance.

Q2 Revenue: $1.03 billion, versus estimates of $992.7 million

Q2 Adjusted EPS: 81 cents, versus estimates of 61 cents

Total revenue was up 23.7% year-over-year, while comparable sales increased 12.4% year-over-year. The company reported operating income of $52.4 million in the second quarter. 

Five Below opened 32 new stores in the quarter, bringing total locations up to 1,858 at quarter’s end. The company ended the period with approximately $562.75 million in cash and cash equivalents.

“These results demonstrate ...