Five Below (FIVE) Q2 2026 Earnings
Adjusted EPS of $1.68 excludes $163.6 million pre-tax ($129.1 million after-tax, or $2.33 per share) in IEEPA tariff refunds and $1.4 million pre-tax ($1.1 million after-tax, or $0.02 per share) in retention awards. GAAP diluted EPS was $3.99.
How Did FIVE Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +0.77%.
Did FIVE Beat Earnings? Q2 2026 Results
Yes. Five Below reported Q2 2026 earnings of $1.68 a share on Sep 2, 2026, beating the $1.41 consensus estimate by 19.3%. Revenue was $1.3B against a $1.2B estimate.
Five Below posted a blowout second quarter of fiscal 2026, with adjusted diluted EPS of $1.68 beating the $1.41 consensus estimate by 19.28% and revenue of $1.26 billion clearing estimates by 3.17% on 22.9% year-over-year growth. The primary engine behind the results was a 14.1% comparable sales increase, marking five consecutive quarters of double-digit comparable sales growth as CEO Winnie Park's strategy of trend-right product assortments at extreme value continues to resonate with shoppers. The strong top-line momentum drove adjusted operating income to roughly double from a year ago, while gross margins benefited from meaningful merchandise leverage on the comparable sales increase. The company also expanded its footprint, opening 52 net new stores to reach 2,022 locations. Bullish analyst sentiment has followed the results, with at least one firm citing attractive valuation and long-term unit growth potential. Looking ahead, Five Below raised its full-year adjusted diluted EPS outlook to $9.83 to $10.31 and lifted its comparable sales growth target to +10% to +12%, projecting net sales of $5.63 billion to $5.71 billion.
- 14.1% comparable sales increase in Q2
- 52 net new stores opened in Q2, bringing total to 2,022 stores
- Trend-right product assortment at extreme value pricing
- Customer-centric strategy and improved store execution
- Five consecutive quarters of double-digit comparable sales growth
- $163.6 million in IEEPA tariff refunds received during Q2
- Lower effective tax rate of 23.9% vs. 26.2% year-over-year
“We are thrilled with our second quarter performance and the continued momentum of our customer-centric strategy. Our Crew delivered strong results by collaborating on trend-right product stories at amazing value in stores that are fun and easy to shop. We remain maniacally focused on delivering our brand promise to be THE destination for the KID and the KID in all of us.”
Five Below CEO, on the earnings call
What Is Five Below's Outlook?
Five Below raised its full-year fiscal 2026 outlook. Net sales are now expected at $5.63 billion to $5.71 billion (prior: $5.40 billion to $5.48 billion), with comparable sales growth of +10% to +12% (prior: +6% to +8%). Full-year adjusted diluted EPS is expected at $9.83 to $10.31 (prior: $8.65 to $9.05). GAAP diluted EPS is expected at $12.10 to $12.58 (prior: $8.62 to $9.02). The company plans approximately 150 net new stores and gross capital expenditures of $250 million to $260 million. For Q3 fiscal 2026, the company expects net sales of $1.21 billion to $1.23 billion, comparable sales growth of +8% to +10%, diluted EPS of $1.01 to $1.13, and approximately 40 net new stores. Outlook includes the expected impact of current tariff rates but excludes future tariff refunds and share repurchases.
FIVE YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $1.3B | $1.0B | +22.9% |
| Gross Profit | $612.4M | $342.4M | +78.9% |
| Operating Income | $275.4M | $52.4M | +425.8% |
| Net Income | $221.4M | $42.8M | +417.7% |
When Does Five Below Report Next?
Figures from SEC filings and company reports. Not investment advice.