Five Below (FIVE) Q1 2025 Earnings
Adjusted EPS excludes $2.937M in retention awards (related to CEO transition), $4.960M in cost-optimization initiative charges, and $0.830M non-recurring inventory write-off, all pre-tax
How Did FIVE Stock React to Q1 2025 Earnings?
S&P 500 over the same 30 days: +5.23%.
Did FIVE Beat Earnings? Q1 2025 Results
Yes. Five Below reported Q1 2025 earnings of $0.86 a share on Jun 4, 2025, beating the $0.83 consensus estimate by 3.3%. Revenue was $970.5M against a $966.5M estimate.
Five Below posted a decidedly strong first quarter of fiscal 2025, with adjusted diluted EPS of $0.86 beating the $0.83 consensus by 3.34% and revenue of $970.53 million edging past expectations by 0.42% on 19.5% year-over-year growth. The primary engine behind that top-line surge was a 7.1% comparable sales gain, a transaction-driven increase reflecting broad merchandise strength, combined with the addition of 55 net new stores that brought the total footprint to 1,826 locations across 44 states. CEO Winnie Park, who has credited a sharp focus on customer experience and trend-right value offerings as central to the company's turnaround momentum, is now navigating an added leadership change: CFO Kristy Chipman is stepping down, with COO Ken Bull assuming the interim CFO role. Management raised its full-year sales outlook to $4.33 billion to $4.42 billion and set adjusted diluted EPS guidance at $4.25 to $4.72, while projecting second-quarter revenue of $975 million to $995 million; all guidance incorporates the expected impact of current tariffs.
- Transaction-driven 7.1% comparable sales increase
- Broad-based strength across the majority of merchandising worlds
- 55 new store openings in Q1, 13.8% YoY store count growth to 1,826 stores
- Strong new store performance
- Customer-centric strategy execution across merchandising, marketing and end-to-end operations
“Our first quarter results demonstrate the effectiveness of our strategy, grounded in trend-right product, extreme value and a fun store experience. We were pleased to see broad-based strength across the majority of our merchandising worlds, resulting in a transaction-driven 7.1% increase in comparable sales, as well as strong performance from our new stores. Our teams executed our customer-centric strategy at a very high level, and these results reflect the progress we are making across merchandising, marketing and end-to-end operations.”
Five Below CEO, on the earnings call
What Was Five Below's Outlook in Q1 2025?
For Q2 fiscal 2025, Five Below expects net sales of $975M–$995M with approximately 30 net new stores and a 7%–9% comparable sales increase; adjusted diluted EPS of $0.50–$0.62. For the full year of fiscal 2025, the company raised guidance: net sales expected at $4.33B–$4.42B based on approximately 150 net new stores and 3%–5% comparable sales growth; adjusted diluted EPS of $4.25–$4.72 (low end raised); gross capital expenditures of approximately $210M–$230M. Guidance includes expected impact of tariffs currently in place. Outlook does not include the impact of share repurchases.
FIVE YoY Financials
| Metric | Q1 2025 | Q1 2024 | Year over year |
|---|---|---|---|
| Revenue | $970.5M | $811.9M | +19.5% |
| Gross Profit | $323.9M | $263.5M | +22.9% |
| Operating Income | $50.8M | $36.1M | +40.7% |
| Net Income | $41.1M | $31.5M | +30.8% |
Figures from SEC filings and company reports. Not investment advice.