Five Below, Inc. announced that total sales for this eleven week period increased 34% to $158.5 million while comparable store sales for this period increased 4.2%.

For the fourth quarter of fiscal 2012, net sales are expected to be in the range of $169 million to $172 million based on opening one new store and an expected 4% increase in comparable store sales. This compares to prior guidance for net sales in the range of $167 million to $170 million. GAAP net income is still expected to be in the range of $18 million to $19 million, with a GAAP diluted income per common share range of $0.34 to $0.36. GAAP net income and EPS guidance include an estimated $0.9 million in expenses related to the pending secondary public offering announced on January 15, 2013 and $0.9 million in tax-effected expenses related to the founders' transaction. Excluding the anticipated offering expenses and the expenses related to the founders' transaction, which together represent $0.03 per adjusted diluted share, net income is expected to be approximately $20 million to $21 million, or $0.36 to $0.38 per diluted share based on estimated adjusted diluted weighted average common shares outstanding of approximately 54.4 million. This compares to prior guidance for adjusted net income in the range of $19 million to $20 million, or $0.35 to $0.37 per diluted share based on estimated adjusted diluted weighted average common shares outstanding of approximately 54.4 million.