Five Below (FIVE) shares jumped 7% Thursday, a day after the discount retailer posted better-than-expected results and boosted its full-year outlook on an increase in transactions and sales at new locations.

The company that advertises it sells merchandise at $5 or less reported first-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.86 on revenue that soared nearly 20% year-over-year to $970.5 million, as well as 澳洲幸运5官方开奖结果体彩网:same-store sales that grew 7%. All toppedꦓ Visible Alpha consensus estimates.

CEO Winnie Park said Five Below saw "broad-based strength across the majority of our merchandising worlds." Park noted the same-store sales increase was "transaction-driven," and new stores put in a "strong performance." The company added 55 outlets in the period, and plans to open 30 more in the current quarter.

Five Below expects full-year adjusted EPS of $4.25 to $4.72 compared with its previous outlook of $4.10 to $4.72, and sales of $4.33 billion to $4.42 billion, up from its earlier projection of $4.21 billion to $4.33 billion.

Shares of Five Below traded at their highest level in more than a year.