Five Below Stock Price, News & Analysis

Five Below, Inc. (NASDAQ: FIVE) reported a 7% increase in net sales for Q1 2022, reaching $639.6 million, compared to $597.8 million in Q1 2021. However, comparable sales decreased by 3.6%. The company opened 35 new stores, resulting in a total of 1,225 stores. Operating income fell to $42.3 million from $63.7 million, and net income was $32.7 million, down from $49.6 million a year prior. Diluted EPS declined to $0.59 from $0.88.

For Q2 2022, sales are expected between $675 million and $695 million, with net income projected at $41 million to $48 million.

Five Below (NASDAQ: FIVE) announced that its financial results for Q1 2022 will be released on June 8, 2022, after market close. A conference call will be held at 4:30 p.m. ET to discuss these results. Investors can join the call by dialing 412-902-6753 or access a live audio webcast on the investor website. A taped replay will be available shortly after the call concludes. The company emphasizes its commitment to providing trend-right, high-quality products for tweens and teens, with over 1,200 stores across 40 states.

Five Below announced the success of its recent fundraising effort, raising over $1.7 million for St. Jude Children’s Research Hospital. The campaign ran from March 21 to April 18, 2022, with all donations going directly to support pediatric cancer research and treatment. This initiative has contributed to a total of $8.9 million raised by Five Below for St. Jude since their partnership began in 2008. Michael Romanko, Chief Merchandising Officer, expressed gratitude for customer support and emphasized the company's commitment to helping children and families battling cancer.

Five Below reported a Q4 net sales increase of 16.1%, reaching $996.3 million, and Q4 EPS rose by 13% to $2.49. The company plans to triple its U.S. store potential to over 3,500 by 2030, aiming to double sales and more than double EPS through 2025. In fiscal 2021, net income jumped 59.3% to $278.8 million, with diluted EPS growing from $2.20 to $4.95. For fiscal 2022, sales are projected between $3.16 billion and $3.26 billion with EPS guidance of $5.19 to $5.70.

Five Below, Inc. (NASDAQ: FIVE) will host its inaugural Investor Day on March 30, 2022, announcing fourth quarter and fiscal year 2021 results. The event starts at 9:00 a.m. ET with a press release at 7:00 a.m. Investors can access the live video webcast and pre-register at Five Below Investor Relations. Leadership will discuss the company's strategic vision through 2025 and provide financial guidance for fiscal 2022, emphasizing growth plans tailored for its youthful target market.

Five Below (NASDAQ: FIVE) reported a 20.6% increase in net sales for the holiday period, totaling $870.9 million, compared to $722.3 million last year. Comparable sales rose by 7.7%.

CEO Joel Anderson acknowledged the exceptional performance, attributing growth to trending items like sensory products and Squishmallows. Given the results, the company is adjusting its guidance near the high end of its previous forecasts for the fourth quarter and full year of fiscal 2021, expecting net sales to reach up to $1,005 million and $2.857 billion respectively.

Five Below, Inc. (NASDAQ: FIVE) announced management's participation in the 2022 ICR Conference on January 10, 2022, at 10:00 a.m. ET. Joel Anderson, President & CEO, and CFO Ken Bull will engage in a fireside chat, which will be live-streamed online. The company is set to release its holiday sales results on the same day before the market opens.

Known for trendy, affordable products aimed at tweens and teens, Five Below operates nearly 1,200 stores across 40 states.

Five Below has launched a new line of affordable gaming gear in collaboration with Kyle “Bugha” Giersdorf, the Fortnite World Cup Champion. This collection aims to make competitive gaming accessible to all, featuring products like an LED Gaming Soundbar, Monitor Riser, Headset Stand, and the LED Gaming Headset, all priced at $10. Available in over 1,100 stores and online from December 13, the products include RGB lighting and are part of the Five Beyond assortment. Bugha emphasizes the importance of affordability in gaming.