RTTNews | Sep 3, 2020 10:10AM EDT

10:10 Thursday, September 3, 2020 (RTTNews.com) - Shares of specialty discount stores chain Five Below, Inc. (FIVE) are rising more than 7% Thursday morning on positive earnings surprise.

Earnings for the second quarter increased to $29.6 million or $0.53 per share from $28.8 million or $0.51 per share in the same quarter a year ago. On average, 17 analysts polled by Thomson Reuters expected the company to report earnings of $0.14 per share.

Net sales for the quarter increased 2.1% to $426.1 million from $417.4 million last year.

FIVE is currently trading at $125.29. It has traded in the range of $47.53- $137.96 in the past 52 weeks.

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