Business
Five Below, Inc. Announces First Quarter Fiscal 2026 Financial Results
Five Below, Inc. Announces First Quarter Fiscal 2026 Financial
About this update from Five Below, Inc.
Q1 Net Sales Increase of 32.5% to $1.3 Billion; Comparable Sales Increase of 22.7%Q1 GAAP Diluted EPS of $2.21, Q1 Adjusted Diluted EPS of $2.22Increases Full Year 2026 Sales and EPS OutlookPHILADELPHIA, PA, June 03, 2026 (GLOBE NEWSWIRE) -- Five Below, Inc. (NASDAQ: FIVE) today announced financial results for the first quarter ended May 2, 2026.For the first quarter ended May 2, 2026:Net sales increased by 32.5% to $1,285.6 million from $970.5 million in the first quarter of fiscal 2025; comparable sales increased by 22.7%.The Company opened 49 net new stores and ended the quarter with 1,970 stores in 46 states. This represents an increase in stores of 7.9% from the end of the first quarter of fiscal 2025.Operating income was $154.2 million compared to $50.8 million in the first quarter of fiscal 2025. Adjusted operating income(1) was $154.8 million compared to $59.6 million in the first quarter of fiscal 2025.The effective tax rate was 24.3% compared to 27.2% in the first quarter of fiscal 2025.Net income was $123.1 million compared to $41.1 million in the first quarter of fiscal 2025. Adjusted net income(1) was $123.5 million compared to $47.5 million in the first quarter of fiscal 2025.Diluted income per common share was $2.21 compared to $0.75 in the first quarter of fiscal 2025. Adjusted diluted income per common share(1) was $2.22 compared to $0.86 in the first quarter of fiscal 2025.(1) A reconciliation of adjusted operating income, adjusted net income, and adjusted diluted income per common share to the most directly comparable financial measure presented in accordance with generally accepted accounting principles in the United States ("GAAP") is set forth in the schedule accompanying this release. See also “Non-GAAP Information.”Winnie Park, CEO of Five Below, said, “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.”Ms. Park continued, “Our teams have d...