Quarterly ResultJun 3, 2026, 04:04 PM
Five Below Q1 Sales Jump 32.5% to $1.3B; Full Year Outlook Raised
AI Summary
Five Below reported a strong first quarter with net sales increasing 32.5% to $1.3 billion and comparable sales growing 22.7%. Diluted EPS rose to $2.21 from $0.75 in the prior year. The company also announced an increase in its full-year sales and EPS outlook, projecting net sales between $5.40 billion and $5.48 billion and diluted EPS between $8.62 and $9.02. Five Below continued its expansion, opening 49 net new stores in the quarter.
Key Highlights
- Five Below Q1 net sales surged 32.5% to $1.3 billion, with comparable sales up 22.7%.
- Q1 GAAP diluted EPS was $2.21, a significant increase from $0.75 in the prior year.
- Q1 adjusted diluted EPS reached $2.22, compared to $0.86 in Q1 fiscal 2025.
- The company opened 49 net new stores, expanding its total to 1,970 locations.
- Full year 2026 sales outlook increased to $5.40-$5.48 billion.
- Full year 2026 EPS outlook raised to $8.62-$9.02 (GAAP) and $8.65-$9.05 (adjusted).
- Q2 2026 comparable sales are projected to increase by 7% to 9%.
- Operating income for Q1 was $154.2 million, up from $50.8 million year-over-year.
Price Impact
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