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.
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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.
Five Below announced the successful completion of its annual Toys for Tots campaign, raising $3.1 million in toys to support underprivileged children. The campaign included opportunities for customers to contribute through purchases of board games and craft kits, alongside 'Stuff the Truck' events at various stores. This initiative aligns with the company's commitment to philanthropy and community support. The program marks its 75th anniversary, highlighting Five Below's role as a significant supporter during challenging economic times.
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