Consumer
Discounter Five Below Has Robust Holiday as Shoppers Seek Deals
A Five Below store in Kingston, New York.
Photographer: Angus Mordant/BloombergFive Below Inc. boosted its sales forecast beyond Wall Street estimates after reporting a banner holiday shopping season.
The discount chain now sees comparable sales for the fourth quarter rising about 14.5%, roughly doubling a previous outlook. Analysts on average projected a gain of 8.3%.