Five Below Stock Price, News & Analysis

Five Below reported a Q4 net sales increase of 12.7%, reaching $1,122.8 million, with comparable sales up 1.9%. EPS rose 23% to $3.07. The company opened 48 new stores, totaling 1,340 locations across 42 states. For the full year, net sales increased 8.0% to $3,076.3 million, but comparable sales decreased 2.0%. The company plans to open a record 200 new stores in 2023, anticipating net sales between $3.49 billion and $3.59 billion. Operating income was $225.8 million for Q4, and net income reached $171.3 million.

Five Below (NASDAQ: FIVE) has announced the promotion of Kenneth Bull from Chief Financial Officer to Chief Operating Officer. Bull, who has been with the company since 2005, played a key role in its transition to a public company and financial stewardship. The company is now in search of a new CFO, with Bull continuing to serve in that capacity until an appointment is made. CEO Joel Anderson highlighted the growth potential for Five Below and expressed confidence in Bull's ability to drive operational initiatives. A conference call discussing the fourth-quarter and full-year financial results is set for March 15, 2023.

Five Below, Inc. (NASDAQ: FIVE) has scheduled its financial results announcement for the fourth quarter and full year of fiscal 2022 on March 15, 2023, after market close. A conference call will follow at 4:30 p.m. ET for discussion. Investors can join the call by dialing 412-902-6753 or via a live audio webcast on the company's investor site. This update comes as Five Below continues to operate over 1,340 stores across 43 states, offering products primarily priced from $1 to $5. The company emphasizes providing a fun shopping experience for tweens and teens.

Five Below, Inc. (NASDAQ: FIVE) reported a remarkable 11.2% increase in net sales for the Holiday Period, totaling $1,003.7 million compared to $902.3 million the previous year. Comparable sales rose by 0.9%. The company anticipates its fourth quarter and full year fiscal 2022 results will be at the upper end of prior guidance, which projects fourth quarter net sales between $1,085 million and $1,110 million. Additionally, it plans to open over 200 new stores and convert 400 existing locations to the new Five Beyond format in FY 2023.

Five Below, Inc. (NASDAQ: FIVE) announced participation in the 2023 ICR Conference on January 9, 2023, at 10:00 a.m. ET, featuring a fireside chat with President and CEO Joel Anderson and CFO Ken Bull. The audio will be webcast live, with a replay available two hours post-event. Additionally, the company plans to release its holiday sales results before the conference. Five Below operates over 1,300 stores across 42 states, offering a range of high-quality products for tweens and teens with most items priced between $1 and $5.