<p>Five Below shares rose 1.5% in extended trading on Wednesday, after the off-price store chain again raised its annual forecast following a strong quarterly report.</p> <p>The company now expects annual revenue to be between $4.44 billion and $4.52 billion, up from its prior guidance of $4.33 billion to $4.42 billion.</p> <p>It expects adjusted per-share earnings to be $4.76 to $5.16 per share, up from $4.25 to $4.72 per share. The company had raised these metrics in July.</p> <p>The retailer, known for its "trendy" items priced between $1 and $5, said it simplified its product selection and rounded prices to whole numbers, which helped drive sales and foot traffic.</p> <p>"Delivering extreme value, I think, has been one of our keys to success this past quarter," CEO Winnie Park said in an interview with the Wall Street Journal.</p> <p>Meanwhile, revenue grew 24% to $1.03 billion in the second quarter, beating analysts’ consensus estimate of $995 million. Same-store sales rose 12.4%, compared to a projection of 8.9% growth.</p> <p>Park noted that back-to-school items, including backpacks, as well as toys and games, did well during the last quarter.</p> <p>On Stocktwits, the retail sentiment shifted higher in the ‘extremely bullish’ territory, while 24-hour message volume rose from ‘high’ to ‘extremely high.'</p> <p>"$FIVE huge beat and guide, should be up 15%," a user posted.</p> <p>https://stocktwits.com/OTM_Fever/message/626772466 </p> <p>Five Below shares are up 37.6% year-to-date, far higher than the 10.2% gains in the benchmark S&P 500 index (SPX).</p> <p>For updates and corrections, email newsroom[at]stocktwits[dot]com.<</p>
