Five Below Inc
Q1 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +5.23%.
Did FIVE Beat Earnings? Q1 2026 Results
Five Below kicked off fiscal 2025 with a quarter that beat expectations on both the top and bottom lines, as the discount retailer posted adjusted diluted EPS of $0.86, ahead of the $0.83 consensus estimate by 3.34%, while net sales climbed 19.5% year over year to $970.53 million, edging past the $966.49 million Wall Street had anticipated. The primary engine behind the results was a 7.1% comparable sales increase driven entirely by transaction volume, reflecting CEO Winnie Park's strategy of pairing trend-right merchandise with extreme value and a sharper in-store experience, a focus she has described as a "maniacal" commitment to customers. The company also opened 55 new stores during the quarter, ending with 1,826 locations across 44 states. On the strength of the quarter, Five Below raised its full-year fiscal 2025 guidance, now targeting net sales of $4.33 billion to $4.42 billion and adjusted EPS of $4.25 to $4.72, even as management acknowledged ongoing uncertainty around tariffs and the broader global trade environment.
- Transaction-driven 7.1% comparable sales increase
- Broad-based strength across the majority of merchandising worlds
- 55 new stores opened in Q1, representing 13.8% store count growth year-over-year
- Customer-centric strategy focused on trend-right product, extreme value, and fun store experience
- Strong new store performance
“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
Forward Guidance & Outlook
For Q2 fiscal 2025, Five Below expects net sales of $975 million to $995 million based on approximately 30 net new stores and 7% to 9% comparable sales growth. Adjusted diluted EPS is expected at $0.50 to $0.62. For full-year fiscal 2025, the company raised guidance: net sales are expected at $4.33 billion to $4.42 billion based on approximately 150 net new stores and 3% to 5% comparable sales growth. Adjusted diluted EPS is expected at $4.25 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. Outlook does not include the impact of share repurchases, if any.
FIVE YoY Financials
Figures from SEC filings and company reports. Not investment advice.