Five Below Stock Price, News & Analysis

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.

Five Below (NASDAQ: FIVE) has reopened over 75% of its stores, implementing strict health and safety measures amid the pandemic. President and CEO Joel Anderson expressed pride in the staff's commitment to adapting to new operational protocols. The company has opened 700 stores since April 21 and plans to open 100-120 new stores in 2020. Enhancements include social distancing signage and increased cleaning. Despite a challenging environment, customer engagement has resumed, focusing on summer products and everyday essentials.

Five Below, Inc. (NASDAQ: FIVE) will announce its financial results for Q1 2020 after market close on June 9, 2020. A conference call is scheduled for the same day at 4:30 p.m. ET, allowing investors and analysts to engage with management. A replay will be accessible shortly after the call. The company notes potential impacts from the COVID-19 pandemic, including store closures and supply chain disruptions. Despite these challenges, Five Below continues to expand, with over 900 stores across 36 states, catering to tweens and teens with affordable products.

Five Below (NASDAQ: FIVE) announced that its Annual Shareholder Meeting will be held virtually on June 16, 2020, at 9:00 am ET due to COVID-19 concerns. Shareholders of record as of April 21, 2020, can participate, post questions, and vote. Registration is required by June 13, 2020. Those voting live must have a legal proxy if shares are held through an intermediary. Technical assistance will be available for participants. The meeting aims to ensure shareholder participation while addressing safety during the pandemic.