Five Below Stock Surges on Strong Q3 Results

Five Belows stock surged following Q3 results, with revenue hitting $1B, a 23.1% increase from last year. Sales at open stores rose 14.3%, beating expectations. Adjusted earnings per share were $0.68, nearly triple the top end of guidance and beating estimates by $0.42. Shares settled at $176.66, up nearly 5% from previous close, marking a new 52-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.