Five Below, Inc. (NASDAQ:FIVE) reported Q4 earnings of $3.65 per share, up from $3.07 year-over-year, with revenue of $1.34 billion, up from $1.12 billion. The company opened 63 new stores, totaling 1,544 stores. Despite strong sales, earnings were at the low end of guidance due to shrink headwinds. Q1 earnings are expected to be between 58 cents and 69 cents per share, with revenue between $826 million and $846 million. FY 2024 earnings are forecasted between $5.71 and $6.22 per share, with revenue between $3.97 billion and $4.07 billion. Shares fell 12.8% after-hours to $182.20.