Five Below, Inc. provided earnings guidance for the first quarter and full year of 2024. For the quarter, the company expects net sales to be in the range of $826 million to $846 million based on opening approximately 55 to 60 new stores and assuming an approximate flat to 2% increase in comparable sales. Net income to be in the range of $32 million to $38 million. Diluted income per common share to be in the range of $0.58 to $0.69 on approximately 55.6 million diluted weighted average shares outstanding.

For the full year, the company expects net sales to be in the range of $3.97 billion to $4.07 billion based on opening between 225 and 235 new stores and assuming an approximate flat to 3% increase in comparable sales. Net income to be in the range of $318 million to $346 million. Diluted income per common share to be in the range of $5.71 to $6.22 on approximately 55.6 million diluted weighted average shares outstanding.