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 unveiled its 2024 Halloween product lineup, offering a wide range of affordable items starting at just $1. The collection includes costumes, decorations, accessories, and candy for all ages. Highlights include:
- Trendy costumes for humans and pets
- Halloween-inspired apparel featuring popular franchises
- Indoor and outdoor decorations, including giant inflatables
- Makeup, masks, and accessories starting at $2
- A variety of candies and specialty treats
In over 50 select stores, Five Below is introducing an expanded 'fright house' experience with exclusive animatronics and decorations. With over 1,700 stores across the U.S. and online shopping options, Five Below aims to provide a convenient and budget-friendly Halloween shopping experience.
Five Below (NASDAQ: FIVE) reported Q2 fiscal 2024 results with net sales increasing 9.4% to $830.1 million. However, comparable sales decreased by 5.7%. The company opened 62 new stores, ending the quarter with 1,667 stores across 43 states. Q2 GAAP diluted EPS was $0.60, while adjusted diluted EPS was $0.54. Five Below updated its full-year 2024 guidance, expecting net sales between $3.73 billion and $3.80 billion. The company plans to open approximately 230 new stores this year but is moderating store growth to 150-180 stores in 2025 to focus on initiatives and improve execution. Five Below's management acknowledged challenges but expressed confidence in the business model and ability to improve results.
Five Below (NASDAQ: FIVE) has announced the release date for its second quarter fiscal 2024 financial results. The company, known for its trend-right, high-quality, extreme-value retail offerings for tweens, teens, and beyond, will disclose its earnings after market close on Wednesday, August 28, 2024. Following the release, Five Below will host a conference call at 4:30 p.m. Eastern Time to discuss the financial results. Investors and analysts can participate by dialing 412-902-6753 approximately 10 minutes before the call starts. Additionally, a live audio webcast will be available on the company's investor relations website, where a replay will also be accessible shortly after the call concludes.
Five Below (NASDAQ: FIVE) announced a significant leadership change, appointing Kenneth Bull as interim President and CEO, replacing Joel Anderson. Tom Vellios, Co-Founder and Chairman, becomes interim Executive Chairman. The company has initiated a search for a permanent CEO.
Additionally, Five Below provided an update on its financial performance. For the 10-week period ended July 13, 2024, total sales increased by 9.5% compared to the same period last year. However, comparable sales decreased by 5.0%. The company revised its Q2 fiscal 2024 guidance, projecting sales between $820 million to $826 million, with an expected 6% to 7% decrease in comparable sales. Diluted income per common share is anticipated to be in the range of $0.53 to $0.56.
Five Below is gearing up for the back-to-school season by offering a wide range of affordable products. Their selection includes $5 backpacks, school supplies, room decor, and beauty products, all starting at $1. With over 1,600 stores across the U.S. and options for online shopping and home delivery, Five Below aims to make back-to-school shopping stress-free and budget-friendly. The company is also partnering with the Kids in Need Foundation to donate backpacks to disadvantaged students. Additionally, they are hosting a Dream Dorm Contest on Instagram, where participants can win a $500 gift card and trendy goodies.
Five Below (NASDAQ: FIVE) announced its participation in Oppenheimer's 24th Annual Consumer Growth and E-Commerce Conference.
The event will be held virtually on June 12, 2024, with a scheduled fireside chat at 2:15 p.m. ET.
The company's management will join the discussion, with the audio webcast available live and an archived replay accessible two hours post-event on their investor website.
Five Below announced its Q1 fiscal 2024 financial results, highlighting an 11.8% increase in net sales to $811.9 million. Despite growth in sales, comparable sales declined by 2.3%. The company reported a diluted EPS of $0.57 and an adjusted diluted EPS of $0.60. Operating income fell to $36.2 million, affected by a $2 million non-recurring expense. Net income was $31.5 million, down from $37.5 million in Q1 2023. The company opened 61 new stores, totaling 1,605 stores. For Q2 2024, Five Below forecasts net sales between $830 million and $850 million, with a mid-single digit decrease in comparable sales. Full-year 2024 guidance projects net sales between $3.79 billion and $3.87 billion and an adjusted diluted EPS between $5.00 and $5.40.
Five Below (NASDAQ: FIVE) announced it will release its first quarter fiscal 2024 financial results on June 5, 2024, after market close. The company will also host a conference call at 4:30 p.m. Eastern Time to discuss these results. Investors and analysts can join the call by dialing 412-902-6753, and a live audio webcast will be available on the company's investor relations website. A replay of the webcast will be accessible shortly after the call's conclusion.
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