Five Below Reports Big Q3 Earnings Beat

Five Below FIVE reported quarterly earnings of 36 cents per share on Wednesday, which beat the analyst consensus estimate of 20 cents by 80%. This is a 100% increase over earnings of 18 cents per share from the same period last year.

The company reported quarterly sales of $476.60 million, which beat the analyst consensus estimate of $446.01 million by 6.86%. This is a 26.27% increase over sales of $377.44 million the same period last year.

"Our third-quarter results surpassed our expectations as customers responded very positively to our extreme value, trend-right offering,” said Joel Anderson, CEO of Five Below.

"In this high volume fourth-quarter, we are focused on providing a safe and efficient shopping experience. In addition to several changes we made in store, such as adding expanded checkout capabilities, we are now offering a same-day delivery option for about 300 stores,” adds Anderson.

Five Below shares were trading up 4.13% at $162.51 in Wednesday’s after-hours session. The stock has a 52-week high of $163.42 and a 52-week low of $47.53.