CEO Joel Anderson stated: "We are pleased with our holiday performance, with results in the upper end of our fourth quarter sales guidance range. We believe our diverse eight worlds and WOW merchandise offering along with increased and more targeted marketing effectively highlighted the tremendous value for our customers. Given this holiday performance, we now expect to finish the fourth quarter and full year near the high end of our previously provided guidance ranges. We are entering fiscal year 2023 with momentum and excited to be executing our Triple-Double strategy, including opening 200+ new stores for the first time in our history and converting over 400 stores to the new Five Beyond format. We look forward to discussing Five Below’s full year 2022 results and outlook for fiscal 2023 on our fourth quarter earnings call in March."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on FIVE:
- Five Below, Inc. Announces Holiday Sales Results for Quarter-To-Date Through January 7, 2023
- Five Below price target raised to $195 from $190 at Wells Fargo
- Know Who to Trust! Here are the Top 10 Analysts of December 2022, According to TipRanks
- Five Below, Inc. Announces Participation in the 2023 ICR Conference
- Five Below initiated with a Neutral at Credit Suisse
