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Five Below sales soar 32.5%; opening 50 stores in Q2

Five Below reported an impressive first quarter that exceeded top-and bottom-line estimates as it continued its aggressive expansion.

The value retailer for tweens and teens opened 49 net new stores across 25 states during the quarter, for a total of 1,970 stores in 46 states. It expects to open approximately 50 new stores in the second quarter, with a total of 150 new stores planned for the full year.

Five Below sales soar 32.5%; opening 50 stores in Q2 | Chain Store Age

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