Alpha Diallo
All posts from Alpha Diallo
Alpha Diallo in Alpha Diallo,

Rally at Five Below

 (Image source:

Shares of the discount retailer Five Below Inc (NASDAQ:FIVE) are rallying in early trading after beating fourth quarter earnings estimate. Five Below reported earnings of 47 cents a share on revenues of $212 million. Analysts were expecting earnings of 45 cents share on revenue of $207.8 million. Profits rose 31 percent in the quarter as new store openings drove sales higher. This year alone the company will open 62 new stores. As the number of stores continues to climb, same-store sales are also increasing proportionately to the expansion.