Five Below, Inc. (FIVE) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

during this call may constitute forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from such statements, including those described in the press release and our SEC filings. In this presentation, we will refer to our SG&A expenses, which for us includes depreciation and amortization. Additionally, we will be discussing certain non-GAAP financial measures. Please review today's press release, which is posted on our investor relations website, for a reconciliation of these items to the most directly comparable U.S. GAAP measure and a cautionary statement regarding forward-looking statements. I will now turn the call over to Winnie. Thank you, Christiana, and hello, all. I want to start by saying how grateful I am to our amazing FIBELO crew. They have executed our strategy at an exceptional level. by staying laser focused on what matters most, the customer, our box. Our first quarter results are a testament to their great work, which reflects our operating flywheel in action and demonstrates the traction we've made in transforming our business and strengthening our position as the destination for the kid and the kid in all of us. For the first quarter, We're reporting results that exceeded our expectations with sales growth of nearly 33% to $1.3 billion, driven by 23% comp growth and strong new store performance, including 49 net new stores that opened during the quarter. Adjusted EPS of $2.22 per share, grew over two and a half times compared to the first quarter of last year. With this positive momentum and despite an expected more challenging macro environment as the year plays out, we're raising our full year outlook, which Dan will discuss shortly. Our outside sales ...