Five Below Inc (NASDAQ:FIVE) shares are moving lower in extended trading on Wednesday on the heels of the company's first-quarter financial results.

Here's a rundown of the report.

Five Below stock is showing notable weakness.

Why is FIVE stock dropping?

Five Below Beats Q1 Estimates Five Below posted first-quarter revenue of $1.29 billion, beating estimates of $1.22 billion, according to Benzinga Pro.