Shares of Five Below (FIVE) rose an incredible 18% in Friday's trading session. The retailer focused on merchandise for teens with a value of $5 or below reported a strong set of third quarter results on Thursday after the market close.
Third Quarter Results
Five Below reported third quarter revenues of $86.6 million, up 39.9% on the year before. Sales were driven by new store openings, but comparable sales growth of 8.8% was very solid as well. Revenues far surpassed analyst expectations of $81.4 million.
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