Five Below jumps after raising annual forecasts
BUZZ-Five Below jumps after raising annual forecasts ** Shares of discount retailer Five Below FIVE.O up ~6% at $258 in extended trading
** Co raises annual forecasts betting on resilient demand from value-focused shoppers at its stores
** Expects full-year comparable sales to grow in the range of 10% to 12%, compared with prior forecast of 6% to 8% rise
** Sees fiscal 2026 adjusted income per share in the range of $9.83 to $10.31 versus previous expectations of $8.65 to $9.05, excluding the impact of tariff refunds
** Co also posts second-quarter sales of $1.26 billion beating estimates of $1.22 billion, as per data compiled by LSEG
** Logs quarterly adjusted profit of $1.68 per share, topping estimates of $1.39 per share
** Up to last close, stock up about 29% YTD
(Reporting by Anuja Bharat Mistry in Bengaluru)
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Five Below jumps after raising annual forecasts