04:35 PM EST, 12/04/2024 (MT Newswires) -- Five Below ( FIVE ) reported Q3 adjusted earnings Wednesday of $0.42 per diluted share, up from $0.26 a year earlier.

Analysts polled by FactSet expected $0.17.

Net sales in the 13 weeks ended Nov. 2 rose to $843.7 million from $736.4 million a year earlier.

Analysts surveyed by FactSet expected $802.2 million.

The company expects Q4 adjusted EPS of $3.23 to $3.41 on net sales of $1.35 billion to $1.38 billion.

Analysts polled by FactSet expect EPS of $3.30 on revenue of $1.36 billion.

The company expects fiscal 2024 adjusted EPS of $4.78 to $4.96 on net sales of $3.84 billion to $3.87 billion.

Analysts surveyed by FactSet expect EPS of $4.60 on revenue of $3.8 billion.

Five Below ( FIVE ) named Winnie Park as chief executive officer, effective Dec. 16. Previously, she was CEO of Forever 21

Ken Bull, who was serving as interim CEO, will stay in his role as chief operating officer the company said.

Five Below ( FIVE ) shares jumped 11% in recent after-hours trading.

Price: 116.18, Change: +11.21, Percent Change: +10.68