Shares of Five Below (FIVE) soared 5.41% in pre-market trading on Thursday, following the company's impressive first-quarter results and increased full-year guidance. The discount retailer demonstrated resilience in a challenging economic environment, surpassing analyst expectations and showing strong growth potential.

Five Below reported adjusted earnings per share of $0.86 for the first quarter, beating the consensus estimate of $0.83. Revenue came in at $970.5 million, exceeding analysts' expectations of $966.49 million. The company's top-line growth was driven by a robust 7.1% increase in comparable sales, outpacing the 6.7% growth Wall Street had projected. This strong performance led Five Below to raise its full-year 2025 guidance, with net sales now expected between $4.33 billion and $4.42 billion, up from its previous forecast of $4.21 billion to $4.33 billion.

The company also provided an optimistic outlook for the second quarter, forecasting sales of $975 million to $995 million, ahead of the $955 million analysts were expecting. Same-store sales are anticipated to increase 7% to 9% in Q2, surpassing Wall Street's projection of 5.4% growth. However, investors should note that Five Below announced CFO Kristy Chipman will be stepping down for personal reasons, with COO Ken Bull serving as interim CFO. Despite this management change and potential tariff impacts in the second half of the year, the market appears to be focusing on the company's strong financial performance and improved outlook.