Five Below on track to open 150 stores in 2019

Five Below reported continued aggressive expansion in its second quarter along with earnings that just beat Street expectations as sales fell short.

The tween and teen value-oriented retailer’s net income increased 15.0% to $28.8 million, or $0.51 per share, in the quarter ended August 3, just slightly above Street expectations.

Net sales rose 20.0% to $417.4 million, below analysts’ projections. Same-store sales increased 1.4%.