Fourth-quarter net sales increased 25% year-over-year to $858.5 million, supported by a 13.8% growth in comparable-store sales. Consequently, net profit rose to $123.9 million or $2.20 per share from $110.4 million or $1.97 per share in the fourth quarter of 2019. Analysts had forecast a slower growth.
Read management/analysts’ comments on Five Below’s Q4 earnings
Shares of Five Below climbed to a record high this week, after gaining steadily for more than a year. The stock closed Wednesday’s trading higher and gained further during the extended session following the quarterly report.
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