Five Below, Inc. ( FIVE ) reported its third-quarter results after Wednesday's closing bell. Here's a look at the details from the report. 

The Details: Five Below ( FIVE ) reported quarterly earnings of 42 cents per share, which beat the analyst consensus estimate of 17 cents. Quarterly revenue clocked in at $843.71 million, which beat the analyst consensus estimate of $798.58 million and is an increase over sales of $736.4 million from the same period last year.

Five Below ( FIVE ) said comparable sales increased by 0.6% and the company opened 82 new stores and ended the quarter with 1,749 stores in 44 states.

The company also announced the appointment of Winnie Park as CEO and a member of its board of directors, effective Dec. 16, 2024.

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“We are pleased to report third-quarter results that exceeded our outlook. We delivered stronger performance across a broader group of our merchandise worlds compared to the second quarter and improved our operational execution. We were encouraged to see the positive results from the initiatives we undertook to add newness and deliver value in key categories,” said Ken Bull, Interim CEO and COO of Five Below ( FIVE ).

“We opened a record 82 new stores during this period with new store performance also surpassing our expectations. Our merchant and operational teams across the organization are focused on our key priorities of product, value and store experience, and I want to thank them for their efforts in delivering these results,” Bull added.

Outlook: Five Below ( FIVE ) sees fourth-quarter earnings of between $3.23 and $3.41 per share, versus the $3.33 estimate, and revenue between $1.35 billion and $1.38 billion, versus the $1.36 billion estimate. The company sees fiscal 2024 earnings between $4.78 and $4.96 per share, versus the $4.61 estimate, and revenue between $3.84 billion and $3.87 billion, versus the $3.8 billion estimate.

FIVE Price Action: According to Benzinga Pro, Five Below ( FIVE ) shares are up 10.51% after-hours at $116.25 at the time of publication Wednesday. 

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