Welcome to our dedicated page for Five Below news (Ticker: FIVE), a resource for investors and traders seeking the latest updates and insights on Five Below stock.
Five Below, Inc. (NASDAQ: FIVE) is a trend-right, extreme value retailer that regularly issues news on its financial performance, expansion plans, merchandising initiatives and strategic partnerships. This news page aggregates company announcements so readers can follow how Five Below executes its value-focused retail strategy across its national store base and digital channels.
In its recent releases, Five Below has reported quarterly and year-to-date financial results, including net sales growth and comparable sales trends, along with updated outlooks for upcoming quarters and full fiscal years. The company frequently discusses non-GAAP metrics such as adjusted operating income, adjusted net income and adjusted diluted income per common share, and explains the role these measures play in management’s internal analysis.
Beyond earnings, Five Below’s news highlights store expansion, such as its debut in the Pacific Northwest with new locations in Washington and Oregon, and broader growth to over 1,800 stores across dozens of states. The company also announces seasonal merchandising campaigns, including holiday assortments featuring gifts, décor, toys, games, beauty items, cozy apparel and candy at the extreme value price points it promotes.
Investors and followers of the FIVE stock can also find updates on leadership changes, such as the appointment of a new Chief Financial Officer and Chief Merchandising Officer, as well as information on partnerships like the nationwide launch of Five Below on the Uber Eats platform. For anyone tracking Five Below’s growth, merchandising direction and strategic priorities, this news feed provides an organized view of the company’s official communications over time.
Five Below (NASDAQ: FIVE) has officially opened its 1000th store in Houston, Texas, marking a significant milestone for the company. This new location is the 15th store in the Houston metropolitan area and the 111th in Texas, the largest state for Five Below. The store opening was celebrated with giveaways and special deals. Additionally, Five Below opened a new distribution center in Conroe, Texas, covering over 850,000 square feet and servicing more than 170 stores in the region. The company offers a wide range of products priced between $1 and $5, catering primarily to pre-teens and teens.
Five Below reported its second-quarter financial results, showing a 2.1% increase in net sales to $426.1 million despite COVID-19 challenges. Reopened period comparable sales rose 6%, driven by a 4% increase in store sales and 2% from e-commerce. However, total comparable sales decreased 12.2% due to a 19% drop in operating days. The company opened 62 new stores, reaching a total of 982 stores, a 17.9% increase year-over-year. Net income improved to $29.6 million or $0.53 per share. No guidance for future sales or earnings was provided.
Five Below, Inc. (NASDAQ: FIVE) announced that CFO Ken Bull will participate in a fireside chat at the 2020 Evercore ISI Virtual Consumer & Retail Summit on June 17, 2020, at 10:15 am ET. The chat will be webcast live, with an archived replay available shortly after. Five Below offers high-quality products for tweens and teens, with most items priced between $1-$5. Founded in 2002, the company operates over 900 stores across 36 states, focusing on fun and affordable shopping experiences.
Five Below reported its first-quarter fiscal results amid the COVID-19 pandemic, with store closures impacting performance. Net sales dropped by 44.9% to $200.9 million compared to $364.8 million in the same period last year. Comparable sales fell 51.8%. The company incurred an operating loss of $72.2 million, contrasting with operating income of $24.5 million in Q1 2019. Net loss reached $50.6 million, with a diluted loss per share of $0.91. Despite challenges, about 90% of stores have reopened, and the company aims to open 100 to 120 new stores in 2020.
Five Below (NASDAQ: FIVE) has reopened over 75% of its stores, implementing strict health and safety measures amid the pandemic. President and CEO Joel Anderson expressed pride in the staff's commitment to adapting to new operational protocols. The company has opened 700 stores since April 21 and plans to open 100-120 new stores in 2020. Enhancements include social distancing signage and increased cleaning. Despite a challenging environment, customer engagement has resumed, focusing on summer products and everyday essentials.
Five Below, Inc. (NASDAQ: FIVE) will announce its financial results for Q1 2020 after market close on June 9, 2020. A conference call is scheduled for the same day at 4:30 p.m. ET, allowing investors and analysts to engage with management. A replay will be accessible shortly after the call. The company notes potential impacts from the COVID-19 pandemic, including store closures and supply chain disruptions. Despite these challenges, Five Below continues to expand, with over 900 stores across 36 states, catering to tweens and teens with affordable products.
Five Below (NASDAQ: FIVE) announced that its Annual Shareholder Meeting will be held virtually on June 16, 2020, at 9:00 am ET due to COVID-19 concerns. Shareholders of record as of April 21, 2020, can participate, post questions, and vote. Registration is required by June 13, 2020. Those voting live must have a legal proxy if shares are held through an intermediary. Technical assistance will be available for participants. The meeting aims to ensure shareholder participation while addressing safety during the pandemic.