Five Below, Inc. reported sales results for the nine weeks ended January 3, 2015. The company announced that net sales for this nine week period increased by 24.5% to $230.7 million from $185.3 million a year ago, while comparable store sales for this period increased by 3.2% over 2013 with the increase driven by average ticket.

The company now expects net sales for the fourth quarter of fiscal 2014 to be in the range of $262 million to $263 million, assuming 3% increase in comparable store sales and net income to be in the range of $32.5 million to $33.0 million, with a diluted income per common share range of $0.59 to $0.60 on approximately 54.7 million estimated weighted average shares outstanding.

The company expects net sales growth for the fiscal year 2014 of 27% and adjusted net income growth of approximately 30%.