Expectations were running high heading into Five Below’s (NASDAQ:FIVE) second-quarter earnings report. The specialty retailer has been posting strong sales growth that implies it can double its store base over the next few years. Profit margin is jumping, too, thanks to surging customer traffic and a widening assortment of premium merchandise.
This week, the chain extended all of that positive momentum, and also issued an aggressive short-term growth forecast. So let’s dive right in.