Five Below Inc
Q2 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +2.66%.
Did FIVE Beat Earnings? Q2 2026 Results
Five Below turned in a standout second quarter of fiscal 2025, with adjusted diluted EPS of $0.81 clearing the $0.63 consensus estimate by 29.37% and net sales of $1.03 billion beating expectations by 3.09% while climbing 23.7% year-over-year. The headline driver was a powerful combination of 12.4% comparable sales growth and 11.5% store count expansion, as the discount retailer ended the period with 1,858 locations across 44 states after adding 32 net new stores in the quarter. CEO Winnie Park credited disciplined execution across assortment curation, pricing simplification, and improved in-stock levels, with management noting that customers are increasingly viewing Five Below as a go-to value destination, a positioning the company is leaning into even as it navigates an evolving tariff landscape. Confidence in the momentum prompted management to raise full-year fiscal 2025 guidance, now targeting net sales of $4.44 billion to $4.52 billion and adjusted diluted EPS of $4.76 to $5.16, supported by plans to open approximately 150 net new stores for the year.
- 12.4% comparable sales increase
- 23.7% net sales growth driven by new store openings and comp growth
- Curating Wow! newness in assortment
- Simplified pricing while maintaining extreme value
- Improved in-stock levels and optimized product flow
- 11.5% store count growth year-over-year, ending with 1,858 stores
“We are excited to deliver second quarter results that exceeded our sales and earnings expectations. These results demonstrate the effectiveness of our strategy and are a testament to the hard work, dedication and tight collaboration of our teams across the company, especially in an ever-changing tariff environment. We have been maniacally focused on executing with excellence, specifically curating Wow! newness in our assortment, simplifying our pricing while maintaining extreme value, improving in-stock levels and optimizing product flow. Importantly, our results demonstrate that our customers are recognizing us as the destination for fun at great value for the KID and the KID in all of us.”
Five Below CEO, on the earnings call
Forward Guidance & Outlook
For Q3 fiscal 2025, Five Below expects net sales of $950 million to $970 million based on approximately 50 net new stores and a 5%-7% comparable sales increase, with adjusted diluted EPS of $0.12 to $0.24. For full-year fiscal 2025, the company raised guidance to net sales of $4.44 billion to $4.52 billion with approximately 150 net new stores and 5%-7% comparable sales growth. Full-year adjusted diluted EPS is expected to be $4.76 to $5.16, and gross capital expenditures are expected to be approximately $210 million. Guidance includes the expected impact of tariffs currently in place and does not include the impact of share repurchases.
FIVE YoY Financials
Figures from SEC filings and company reports. Not investment advice.