FIVE BELOW, INC

Five Below, Inc. announced the appointments of Rodney Lastinger as Chief Retail Officer and Christos Yatrakis as Chief Legal Officer. Mr. Lastinger, joining on June 22, 2026, will be responsible for the operational performance of the company's growing network of nearly 2,000 stores. Mr. Yatrakis, who joined on June 15, 2026, will oversee the company's legal function. Both executives will report to Chief Operating Officer Kenneth Bull, with CEO Winnie Park expressing enthusiasm for their extensive experience and customer-focused approach.

Five Below, Inc. announced the immediate election of Robert Lynch as a new independent director to its Board of Directors, bringing the total board members to nine. Mr. Lynch, currently the CEO of Shake Shack, Inc., brings extensive experience in leading multi-unit consumer companies, having previously served as President and CEO of Papa John's International, Inc. and holding positions at Arby's, Taco Bell, H.J. Heinz Company, and Procter & Gamble. The company expects his expertise to be valuable in driving growth and executing long-term opportunities.

Five Below, Inc. reported a significant increase in financial performance for the thirteen weeks ended May 2, 2026. Net sales grew to $1.286 billion, and net income more than doubled to $123.1 million, resulting in diluted EPS of $2.21, compared to $41.1 million ($0.75 diluted EPS) in the prior year. The company also saw substantial growth in operating income and cash flow from operations. Total assets and shareholders' equity also increased year-over-year.

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.

Five Below, Inc. announced that its financial results for the first quarter of fiscal 2026 will be released after market close on Wednesday, June 3, 2026. The company will host a conference call at 4:30 p.m. Eastern Time on the same day to discuss these results. A live audio webcast of the conference call will be available online, with a replay accessible shortly after its conclusion.