The discount retailer said sales will come in stronger than previously expected for the quarter ending Saturday.

Tom Vellios had taken a more hands-on approach at Five Below in the wake of former CEO Joel Anderson's departure last summer.

Quarterly earnings, due to be reported early next month, are now expected to be 69 cents to 71 cents a share, or 82 cents to 84 cents a share when adjusted for one-time items. The company had ...

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