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Five Below Inc said net sales in the fourth quarter ending on January 28, 2023 increased 12.7% to $1.1 billion from $996.3 million, driven by 1.9% rise in comparable sales. Net income in the quarter increased to $171.3 million compared to $140.2 million and diluted earnings per share rose to $3.07 compared to $2.49 a year ago.

In the fiscal year 2022, net sales increased 8% to $3.07 billion from $2.85 billion and comparable sales decreased 2.0% from the previous year. Net income decreased to $261.5 million from $278.8 million and diluted earnings per share fell to $4.69 from $4.95 in the previous year.

For the first quarter of 2023, the retailer forecasted net sales in the range of $723 million to $735 million, reflecting 25 new stores and assuming an approximate 2.5% to 4% increase in comparable sales. Net income is expected to be in the range of $33 million to $37 million and diluted income per common share is expected to be in the range of 59 cents to 65 cents.

In 2023, the company said it plans to open a record 200 new stores and convert 400 stores to the new Five Beyond format.

Dollar General Corp said same store sales in the fourth quarter increased 5.7% and in the full-year 2022 rose 4.3%.

Revenue in the fourth quarter ending on February 3 increased to $10.2 billion from $8.6 billion and net income rose to $659.1 million from $597.4 million and diluted earnings per share advanced to $2.96 from $2.57 a year ago.

In the fiscal year 2022, revenue increased to $37.8 billion from $34.2 billion and net income expanded to $2.42 billion from $2.39 billion and diluted earnings per share advanced to $10.68 from $10.17 a year ago.

Adobe Inc said revenue in the fiscal first quarter ended on March 3 increased 9% to $4.7 billion from $4.2 billion and net income edged slightly lower to $1.24 billion from $1.26 billion and diluted earnings per share rose to $2.71 from $2.66 a year ago.

The software company guided fiscal second quarter revenue in the range between $4.75 billion and $4.78 billion and GAAP earnings per share between $2.65 and $2.70.

For the fiscal year 2023, the company estimated GAAP earnings per share between $10.85 and $11.15 and digital media net new average revenue rate of $1.70 billion.