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Five Below reports Q1 adjusted EPS 86c, consensus 83c

Reports Q1 revenue $970.53M, consensus $966.49M. Reports Q1 comparable sales increased 7.1%. Winnie Park, CEO of Five Below (FIVE) said, “Our first quarter results demonstrate the effectiveness of our strategy, grounded in trend-right product, extreme value and a fun store experience. We were pleased to see broad-based strength across the majority of our merchandising worlds, resulting in a transaction-driven 7.1% increase in comparable sales, as well as strong performance from our new stores. Our teams executed our customer-centric strategy at a very high level, and these results reflect the progress we are making across merchandising, marketing and end-to-end operations.”

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