Five Below Exceeds Expectations – CFO Resignation Overshadows Strong Figures

Strong quarter with double-digit revenue growth Five Below delivered impressively in the first quarter. The discount retailer aimed at young target groups increased its revenue by 19.5% to $970.5 million – significantly above market expectations. Particularly encouraging: Comparable sales (Like-for-like) rose by 7.1%, surpassing analyst estimates of 6.4%. The growth spanned almost all product categories. Adjusted earnings per share were $0.86, three cents higher than consensus forecasts. Expansion remains a central growth instrument The...