Five Below (FIVE) Q4 2024 Earnings
Adjusted EPS excludes $4,996K in retention awards related to CEO transition, $(3,126K) non-recurring stock compensation benefit, $267K non-recurring inventory write-off, and $4,430K in cost-optimization initiative charges
How Did FIVE Stock React to Q4 2024 Earnings?
S&P 500 over the same 30 days: −6.76%.
Did FIVE Beat Earnings? Q4 2024 Results
Yes. Five Below reported Q4 2024 earnings of $3.48 a share on Mar 19, 2025, beating the $3.37 consensus estimate by 3.3%. Revenue was $1.4B against a $1.4B estimate.
Five Below delivered a better-than-expected fourth quarter of fiscal 2024, posting adjusted diluted EPS of $3.48 against a Wall Street consensus of $3.37, a beat of roughly 3.29%, while revenue of $1.39 billion edged past estimates by 0.26% and grew 4.0% year-over-year. The results came despite a 3.0% decline in comparable sales, as aggressive store expansion, with 22 net new locations opened in Q4 alone and 1,771 total stores by period end, provided the volume lift that offset softer traffic trends. Profitability was shaped by several non-recurring items, including $5.00 million in CEO transition-related retention awards and $4.43 million in cost-optimization charges, though a $3.13 million stock compensation benefit partially offset the drag. New CEO Winnie Park's strategic refocus on core product curation and value appears to be gaining early traction. The company acknowledged that tariffs will pressure costs, noting some prices on sub-$5 items will rise, yet still guided fiscal 2025 adjusted diluted EPS of $4.10 to $4.72 on net sales of $4.21 billion to $4.33 billion, with approximately 150 new store openings planned.
- Store count growth of 14.7% year-over-year to 1,771 stores
- Q4 net sales growth of 7.8% excluding 53rd week impact
- Trend-right, value product initiatives and improved operational execution
- Comparable sales decreased 3.0% in Q4
“It has been a busy three months at Five Below. We are executing our key strategies around product, value and store experience, and doing so with a sharpened focus on our core customer – the kid and the kid in all of us. We have a unique opportunity to deliver amazing value across a curated assortment featuring consistent newness with simplified pricing. Our focus on affordability and value is not just a strategy; it's a promise to our customers that Five Below is a place where they can find joy and excitement at WOW prices. This is the true magic of Five Below.”
Five Below CEO, on the earnings call
What Was Five Below's Outlook in Q4 2024?
For Q1 fiscal 2025, the company expects net sales of $905M–$925M (approximately 50 new stores, flat to 2% comparable sales growth), adjusted diluted EPS of $0.50–$0.61. For full-year fiscal 2025, net sales are expected at $4.21B–$4.33B (approximately 150 new stores, flat to 3% comparable sales growth), adjusted diluted EPS of $4.10–$4.72, and gross capital expenditures of $210M–$230M. Guidance includes the expected impact of tariffs currently in place but excludes potential share repurchases.
FIVE YoY Financials
| Metric | Q4 2024 | Q4 2023 | Year over year |
|---|---|---|---|
| Revenue | $1.4B | $1.3B | +4.0% |
| Gross Profit | $559.3M | $551.6M | +1.4% |
| Operating Income | $246.8M | $268.5M | −8.1% |
| Net Income | $187.5M | $202.2M | −7.3% |
Figures from SEC filings and company reports. Not investment advice.