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. reports retail developments for an extreme-value specialty chain focused on trend-right merchandise for kids, teens and families. Company news commonly covers quarterly and annual sales results, comparable-sales trends, earnings guidance, holiday selling periods, merchandising initiatives and customer-experience updates tied to its value-oriented store format.
Recurring announcements also include store expansion, new market entries, product assortments across categories such as Candy, Style, Party, Room, Create, Tech, Sports and New & Now, and investor conference participation. The company sells through its stores and digital channels, including e-commerce, mobile app ordering and delivery options.
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Five Below, Inc. (NASDAQ: FIVE) reported a 3.5% increase in net sales for Q2 2022, reaching $668.9 million, despite a 5.8% decline in comparable sales. The company opened 27 new stores, totaling 1,252 locations. Operating income fell to $56.0 million from $86.2 million last year, while net income was $41.3 million, down from $64.8 million. The diluted EPS decreased to $0.74 from $1.15. The company revised its annual guidance, anticipating net sales of $2.97 to $3.02 billion for the year, with a 3% to 5% decline in comparable sales.
Five Below, Inc. (NASDAQ: FIVE) will release its financial results for Q2 2022 after market close on August 31, 2022. A conference call is scheduled for 4:30 p.m. ET the same day, where management will discuss the results. Investors can join the call by dialing 412-902-6753. A live audio webcast will also be available for those unable to attend. This announcement comes as the company highlights its growth strategy and expansion plans, appealing to its target demographic of tweens and teens.
Five Below has successfully raised over $1.5 million in donations for the Alex’s Lemonade Stand Foundation during its recent campaign from May 23 to June 19, 2022. This contribution brings the total donations since their partnership began in 2006 to more than $10 million. The funds will support crucial research and initiatives aimed at finding cures for childhood cancers. Michael Romanko, Chief Merchandising Officer, expressed gratitude for the customers' generosity, highlighting their impact on pediatric cancer research.
Five Below, Inc. (NASDAQ: FIVE) appointed Bernard Kim as an independent director to its board, effective immediately. Kim, CEO of Match Group, brings significant experience from Zynga and Electronic Arts. This expansion increases the board to 11 directors. Tom Vellios, Co-Founder and Chairman, expressed excitement over Kim's potential contributions, particularly in enhancing digital strategies. Kim acknowledged Five Below's growth and unique value proposition, looking forward to collaborating on key initiatives for success.
On June 14, 2022, Five Below (NASDAQ: FIVE) held its Annual Meeting of Shareholders, where it expanded its board to 11 directors, adding new independent director Bernard Kim, CEO of Match Group. The company transitioned to annual elections for directors, set to be fully declassified by 2025. Furthermore, Five Below announced a stock repurchase program of up to $100 million through June 2025, with share repurchase timing dependent on market conditions. These initiatives aim to enhance governance and shareholder value.
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.