Five Below Stock Price, News & Analysis

Five Below, Inc. (NASDAQ:FIVE) announced its participation in the virtual ICR Conference 2021. Scheduled for January 12, at 10:30 a.m. Eastern Time, CEO Joel Anderson and CFO Ken Bull will engage in a fireside chat. The audio will be web-cast live and available for replay afterward. The company is set to release its holiday sales results on the same day before the market opens. As a high-growth retailer focused on value for tweens and teens, Five Below operates over 1,000 stores across 38 states, with most items priced between $1 and $5.

Five Below announces a partnership with Instacart to offer same-day delivery and curbside pickup from select stores. This initiative aims to enhance customer convenience during the holiday season, particularly in cities like Baltimore, Chicago, and portions of California and Texas. Customers will have access to a variety of items, including toys and household essentials. With over 1,000 stores nationwide, Five Below is committed to adapting to the evolving shopping preferences of tweens, teens, and beyond.

Five Below, Inc. (NASDAQ: FIVE) reported strong third-quarter results for 2020, with net sales increasing 26.3% to $476.6 million and comparable sales up 12.8%. Operating profit surged by 91.2% to $24.2 million, while net income doubled to $20.4 million, leading to diluted EPS of $0.36. However, year-to-date figures showed a 4.8% decline in net sales to $1,103.6 million and an operating loss of $14.8 million. The company plans to open 120 new stores by year-end but refrained from providing guidance for Q4 due to COVID-19 uncertainties.

Five Below (NASDAQ:FIVE) will release its Q3 2020 financial results on December 2, 2020, after market close. A conference call is scheduled for 4:30 p.m. ET to discuss these results. Interested participants can dial in 10 minutes beforehand at 412-902-6753, or access a live audio webcast at investor.fivebelow.com.

A taped replay will be available shortly after the call and can be accessed online or via phone for two weeks.

Five Below has partnered with esports champion Kyle Giersdorf, known as Bugha, to launch an exclusive product line aimed at gamers. The collaboration introduces seven unique gaming accessories available at over 1,000 Five Below stores and online, priced at $10 each. This initiative aims to make gaming more accessible and aligns with the holiday shopping season, promoting affordable, quality gaming gear. The product line features RGB lighting and essential gaming components like keyboards and headsets, reinforcing Five Below's commitment to extreme value in gaming.

Five Below (NASDAQ: FIVE) has officially opened its 1000th store in Houston, Texas, marking a significant milestone for the company. This new location is the 15th store in the Houston metropolitan area and the 111th in Texas, the largest state for Five Below. The store opening was celebrated with giveaways and special deals. Additionally, Five Below opened a new distribution center in Conroe, Texas, covering over 850,000 square feet and servicing more than 170 stores in the region. The company offers a wide range of products priced between $1 and $5, catering primarily to pre-teens and teens.

Five Below reported its second-quarter financial results, showing a 2.1% increase in net sales to $426.1 million despite COVID-19 challenges. Reopened period comparable sales rose 6%, driven by a 4% increase in store sales and 2% from e-commerce. However, total comparable sales decreased 12.2% due to a 19% drop in operating days. The company opened 62 new stores, reaching a total of 982 stores, a 17.9% increase year-over-year. Net income improved to $29.6 million or $0.53 per share. No guidance for future sales or earnings was provided.

Five Below, Inc. (NASDAQ: FIVE) announced that CFO Ken Bull will participate in a fireside chat at the 2020 Evercore ISI Virtual Consumer & Retail Summit on June 17, 2020, at 10:15 am ET. The chat will be webcast live, with an archived replay available shortly after. Five Below offers high-quality products for tweens and teens, with most items priced between $1-$5. Founded in 2002, the company operates over 900 stores across 36 states, focusing on fun and affordable shopping experiences.

Five Below reported its first-quarter fiscal results amid the COVID-19 pandemic, with store closures impacting performance. Net sales dropped by 44.9% to $200.9 million compared to $364.8 million in the same period last year. Comparable sales fell 51.8%. The company incurred an operating loss of $72.2 million, contrasting with operating income of $24.5 million in Q1 2019. Net loss reached $50.6 million, with a diluted loss per share of $0.91. Despite challenges, about 90% of stores have reopened, and the company aims to open 100 to 120 new stores in 2020.