Five Below Q2 net sales jump 23% and EPS more than doubles
Five Below reported Q2 net sales rose 23% to $1.3B and adjusted EPS more than doubled year-over-year. The company raised full-year guidance and authorized a new $600M share repurchase.
Q2 net sales rose 23% to $1.3B, with adjusted EPS more than doubling year-over-year.
Strong comp sales, robust new store performance, and effective merchandising and marketing strategies led to raised full-year guidance and a new $600M share repurchase authorization.Based on Five Below, Inc. [FIVE…