Five Below Inc
Q3 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: −2.83%.
Did FIVE Beat Earnings? Q3 2025 Results
Five Below delivered a sharply better-than-expected third quarter, with adjusted diluted EPS of $0.42 clearing the $0.18 consensus estimate by 137.29% and revenue of $843.71 million beating expectations by 5.34% while climbing 14.6% year over year. The primary engine behind the top-line surge was an aggressive store expansion strategy, with a record 82 new locations opened during the quarter, lifting the total footprint to 1,749 stores across 44 states and an 18.1% year-over-year increase in store count, with new store performance exceeding internal expectations. A comparable sales improvement to positive 0.6% also offered encouragement after a negative 2.6% comp trend on a year-to-date basis. The quarter's momentum extended beyond the results themselves, as the company named Winnie Park, a retail veteran with over 30 years of experience, as its incoming CEO effective December 16, with shares rising on the announcement alongside an upbeat Black Friday readout. Looking ahead, Five Below raised its full-year adjusted EPS guidance to $4.78 to $4.96, projecting net sales of $3.84 billion to $3.87 billion across approximately 227 net new stores.
- Stronger performance across a broader group of merchandise worlds compared to Q2
- Positive results from initiatives to add newness and deliver value in key categories
- Improved operational execution
- Record 82 new store openings with performance surpassing expectations
- 0.6% comparable sales increase
- 14.6% net sales growth driven by 18.1% store count increase
“We are pleased to report third quarter results that exceeded our outlook. We delivered stronger performance across a broader group of our merchandise worlds compared to the second quarter and improved our operational execution. We were encouraged to see the positive results from the initiatives we undertook to add newness and deliver value in key categories. We opened a record 82 new stores during this period with new store performance also surpassing our expectations. Our merchant and operational teams across the organization are focused on our key priorities of product, value and store experience, and I want to thank them for their efforts in delivering these results.”
Five Below CEO, on the earnings call
Forward Guidance & Outlook
For Q4 fiscal 2024, Five Below expects net sales of $1.35 billion to $1.38 billion based on approximately 22 net new stores, with comparable sales expected to decrease 3% to 5%. Adjusted diluted EPS is guided at $3.23 to $3.41 on approximately 55.3 million diluted weighted average shares. For full year fiscal 2024, the company raised guidance to net sales of $3.84 billion to $3.87 billion on approximately 227 net new stores with approximately 3% decline in comparable sales. Full year adjusted diluted EPS is expected at $4.78 to $4.96. Gross capital expenditures are expected at approximately $340 million. The outlook reflects five fewer shopping days between Thanksgiving and Christmas compared to the prior year.
FIVE YoY Financials
Figures from SEC filings and company reports. Not investment advice.