What's Going On With Five Below Stock Thursday?

Five Below Inc (NASDAQ:FIVE) shares are trading higher Thursday after the company reported better-than-expected financial results for the fourth quarter and issued strong first-quarter guidance.

What Happened: Five Below reported fourth-quarter revenue of $1.391 billion, beating analyst estimates of $1.386 billion, according to Benzinga Pro. The retailer reported fourth-quarter adjusted earnings of $3.48 per share, beating estimates of $3.38 per share.

Total revenue was up 4% year-over-year, while comparable sales decreased 3% year-over-year. Five Below opened 22 new stores in the fourth quarter, bringing total locations up to 1,771. The company ended the period with $331.72 million in cash and cash ...