Written by Lorimer Wilson
Five Below, Inc. (NASDAQ: FIVE) today announced Q2 net sales which exceeded the high end of their sales, comp and earnings outlook and raised full year fiscal 2017 guidance.
About Five Below:
Five Below is a specialty value retailer targeting teen and pre-teen customers and offers a broad range of trend-right, high-quality products in a fun and differentiated store environment, all priced at $5 and below. Five Below was founded in 2002 and is headquartered in Philadelphia, Pennsylvania, with
approximately 600 stores in 32 states.
For the thirteen weeks ended July 29, 2017:
Third Quarter and Fiscal 2017 Outlook:
The company expects 3Q:
Fiscal 2017 results will contain an additional, non-comparable week, or the “53rd week” in the fourth quarter. For the full year of fiscal 2017 the company expects:
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