Five Below (FIVE) Q1 2026 Earnings
Includes $0.01 per share impact from retention awards granted in fiscal 2024 during CEO transition
How Did FIVE Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: −1.54%.
Did FIVE Beat Earnings? Q1 2026 Results
Yes. Five Below reported Q1 2026 earnings of $2.22 a share on Jun 3, 2026, beating the $1.78 consensus estimate by 25.0%. Revenue was $1.3B against a $1.2B estimate.
Five Below delivered a blowout first quarter of fiscal 2026, posting adjusted diluted EPS of $2.22 against a Wall Street consensus of $1.78, a beat of 25.03%, while net sales climbed 32.5% year-over-year to $1.29 billion, topping estimates by 4.81%. The standout driver behind the quarter was a 22.7% comparable sales jump, fueled by a social media-first marketing strategy that resonated broadly across new and existing customers, younger demographics in particular, and every geographic segment the company serves. Gross profit expanded to $478.64 million from $323.91 million a year ago, and operating income nearly tripled to $154.24 million, reflecting strong merchandise margins and meaningful sales leverage. The company also ended the quarter with 1,970 stores, a 7.9% increase in store count year-over-year, after opening 49 net new locations. Buoyed by the momentum, Five Below raised its full-year fiscal 2026 outlook, now guiding for net sales of $5.40 billion to $5.48 billion and adjusted diluted EPS of $8.65 to $9.05, with approximately 150 net new store openings planned for the year.
- Comparable sales increase of 22.7%
- Broad-based growth across all merchandising worlds
- Growth across new and existing customers and all demographic and geographic segments
- Compelling newness at amazing value and great store execution
- Successfully amplified social media trends driving outsized traffic
- Coordinated merchandising and marketing efforts
- 49 net new stores opened in the quarter, 7.9% store count increase year-over-year
- Effective tax rate declined to 24.3% from 27.2%
“We are thrilled with our outstanding first quarter performance, which is a testament to the team's execution of our customer-centric strategy. The result was broad-based growth across our merchandising worlds, new and existing customers, and all demographic and geographic segments. Our continued focus on compelling newness at amazing value and great store execution are at the heart of our operating flywheel. We successfully amplified social media trends and drove outsized traffic through coordinated merchandising and marketing efforts.”
Five Below CEO, on the earnings call
What Was Five Below's Outlook in Q1 2026?
For Q2 fiscal 2026, Five Below expects net sales of $1.18 billion to $1.20 billion with approximately 50 new store openings and 7% to 9% comparable sales growth. Q2 adjusted diluted EPS is expected at $1.17 to $1.29. For full-year fiscal 2026, the company raised its outlook to net sales of $5.40 billion to $5.48 billion based on approximately 150 net new stores and 6% to 8% comparable sales growth, with adjusted diluted EPS of $8.65 to $9.05 and gross capital expenditures of $230 million to $250 million. The outlook includes tariff rates in place through July 24, 2026, and assumes tariffs thereafter revert to rates at the start of the fiscal year, excluding tariff refunds and share repurchases.
FIVE YoY Financials
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $1.3B | $970.6M | +32.5% |
| Gross Profit | $478.6M | $323.9M | +47.8% |
| Operating Income | $154.2M | $50.8M | +203.4% |
| Net Income | $123.1M | $41.1M | +199.1% |
Figures from SEC filings and company reports. Not investment advice.