Five Below Inc
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: −6.76%.
Did FIVE Beat Earnings? Q4 2025 Results
Five Below delivered a cleaner-than-expected finish to fiscal 2024, with fourth-quarter adjusted EPS of $3.48 beating the $3.37 consensus estimate by 3.29% and net sales of $1.39 billion edging past expectations by 0.26%, rising 4.0% year-over-year. The quarter unfolded against a backdrop of transition, as incoming CEO Winnie Park took the helm and quickly sharpened the company's focus on its core customer, with COO Ken Bull pointing to early encouraging results from improved operational execution during the holiday period as a key factor in finishing above the company's own outlook. Comparable sales did decline 3.0%, reflecting ongoing pressure on the discount consumer, though the 22 net new stores opened in the quarter, bringing the total to 1,771 locations, helped offset that softness. Looking ahead, Five Below guided full-year fiscal 2025 net sales of $4.21 billion to $4.33 billion with adjusted EPS of $4.10 to $4.72, a range that already accounts for tariff headwinds, even as the company acknowledged some prices on select items below $5 will rise as a result.
- Net sales increase of 7.8% for Q4 ex the 53rd week driven by 14.7% store count growth
- Comparable sales declined 3.0% in Q4
- Improved operational execution and in-store experience during the holiday period
- 227 net new stores opened in fiscal 2024 vs. 204 in fiscal 2023
- Focus on trend-right, value product with consistent newness
“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
Forward Guidance & Outlook
For Q1 fiscal 2025, Five Below expects net sales of $905 million to $925 million based on approximately 50 new store openings and flat to 2% comparable sales growth, with GAAP diluted EPS of $0.44 to $0.55 and adjusted diluted EPS of $0.50 to $0.61. For full-year fiscal 2025, net sales are expected between $4.21 billion and $4.33 billion based on approximately 150 new stores and flat to 3% comparable sales growth. Full-year GAAP diluted EPS is guided at $3.90 to $4.52, with adjusted diluted EPS of $4.10 to $4.72. Gross capital expenditures are expected at approximately $210 million to $230 million. This guidance includes the expected impact of tariffs currently in place but does not include share repurchases.
FIVE YoY Financials
Figures from SEC filings and company reports. Not investment advice.