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Benzinga
Benzinga
Business
Chris Katje

This Discount Retailer Has New Plans To Triple Store Count

A discount retailer announced its fourth-quarter and full-year earnings results Wednesday before the market open. Also included in the earnings report: new plans to rapidly accelerate the company’s store count.

What Happened: Retailer Five Below Inc (NASDAQ:FIVE) announced fourth-quarter sales of $996.3 million, up 16% year-over-year. For the full fiscal year, net sales for Five Below were $2.8 billion, up 45% year-over-year.

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