Five Below Inc. reported strong third-quarter earnings, with adjusted earnings per share (EPS) of $0.42, surpassing estimates of $0.17. Revenue reached $843.7 million, exceeding expectations of $801.5 million, and marking a 14.6% increase year-over-year. Comparable sales rose by 0.6%, defying predictions of a 4% decline. The company's gross margin improved to 32.7%, up 50 basis points from the previous year and above the expected 32.2%. Following these results, Five Below announced the appointment of Winnie Park as CEO, effective December 16, 2024. Park, who previously worked with Forever 21, is expected to leverage her over 30 years of retail leadership experience to drive strategic growth. The positive earnings report and leadership change contributed to a significant jump in Five Below's stock, which rose by 11% in after-hours trading.