Discount retailer Five Below on Thursday reported fiscal 2016 fourth quarter net sales increased 18.9% to $388 million, up from $326.4 million in year-ago period and same-store sales in the quarter rose 1%. Q4 operating income increased 17.1% to $78.9 million from the year-ago period.
For the full fiscal year 2016, net sales increased 20.2% to hit $1 billion, up from $832.0 million in the comparable period in fiscal 2015, and full-year same-store sales increased 2%. Operating income for the year rose 22.6% to $114.0 million, up from $92.9 million in fiscal 2015.
