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.
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.
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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.
Five Below reported a 27% increase in net sales to $608 million for Q3 2021, with comparable sales rising by 14.8%. Operating income surged 75% to $42 million, while diluted EPS rose by 19% to $0.43.
For the year-to-date, net sales are up 67.8% to $1.85 billion. The company opened 52 new stores, bringing the total to 1,173. Looking ahead, Q4 net sales are projected between $985 million and $1,005 million.
Five Below, Inc. (NASDAQ:FIVE) will announce its third quarter 2021 financial results on December 1, 2021, after market close. A conference call to discuss these results is scheduled for 4:30 p.m. ET the same day. Investors can join by calling 412-902-6753 or via a live audio webcast at investor.fivebelow.com. An audio replay will be available shortly after the call and accessible for two weeks. The company underscores the importance of understanding potential risks and uncertainties that could impact future performance, including supply chain disruptions and consumer demand fluctuations.