Five Below expects to exceed Q4 sales guidance, with EPS at high end of range
As part of its Holiday Sales results announcement, Five Below CEO Joel Anderson also stated: "We saw continued strong performance from our new stores and comparable sales came in ahead of our expectations. Results were broad-based across many worlds, including Tech, Candy, Create and Sports, where we successfully capitalized on the toy opportunity through an expanded selection of amazing value toys and games. We believe our offering, combined with increased TV advertising, drove traffic. Given our strong quarter-to-date performance and expectations for the remainder of the fourth quarter, we expect to slightly exceed our sales guidance while delivering bottom line performance at the high end of our earnings guidance range."