Five Below reported March 22 that profit for fiscal Q4 that ended in January rose 26% to 77 cents a share, a little higher than expected. Sales rose 34% to $326.4 million, picking up for the second straight quarter.
The company said in its Q4 earnings statement that it expects comparable store sales to rise 4%. It also plans to open 20 new stores during the quarter. Meanwhile, fund ownership of the stock has increased for three straight quarters.
The four-stock IBD Sector Leaders list now boasts three retail stocks—Five Below, Stamps.com (STMP) and Ulta Beauty (ULTA). All three are Cabot Top Ten Trader stocks.