Five Below up on raising annual forecasts after upbeat quarterly results

** Shares of discount retailer Five Below FIVE up 3.4% at $149.12 after the bell

** Co raises annual revenue, profit forecasts after reporting upbeat Q2 results, on consumer demand for discount goods amid inflationary living costs

** Expects annual net sales in the range of $4.44 billion to $4.52 billion compared to previous outlook of $4.33 billion to $4.42 billion

** Sees annual adj. EPS between $4.76 and $5.16 vs prior forecast of $4.25 to $4.72

** Q2 net sales of $1.03 billion beat estimates of $992.7 million; adjusted EPS of 81 cents also beat estimates of 62 cents — data compiled by LSEG

** Stock has risen 37.6% YTD