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. (NASDAQ: FIVE) is a prominent specialty value retailer headquartered in Philadelphia, Pennsylvania. Established in 2002, the company has swiftly grown to become one of the fastest-expanding retailers in the United States, currently operating nearly 1,600 stores across 43 states. Targeting tweens, teens, and beyond, Five Below offers a diverse and ever-evolving array of products at affordable prices, typically ranging from $1 to $5, with some premium items available in their Five Beyond section.
Five Below's stores are renowned for their vibrant, high-energy atmosphere, making shopping an engaging and enjoyable experience. The company's product range is categorized into eight in-store worlds: Style, Room, Sports, Tech, Create, Party, Candy, and New & Now. This assortment includes leading brands such as LEGO®, Wilson®, Hasbro™, and Peeps®, as well as popular licenses from Disney® and Marvel®, including Frozen, Despicable Me, Avengers, and Star Wars™.
Recent achievements highlight Five Below's robust growth and strategic initiatives. In fiscal 2023, the company opened a record 205 new stores and converted over half of its comparable store base to the innovative Five Beyond format. These efforts contributed to a 15.6% increase in net sales during the 2023 holiday period, with comparable sales up 3.6%.
Five Below's strategic pillars focus on expanding its store footprint, enriching product and brand strategies, optimizing inventory management, and leveraging technological advancements to enhance customer experiences and operational efficiency. The company plans to open between 225 and 235 new stores and convert approximately 200 stores to the Five Beyond format in fiscal 2024.
Financially, Five Below remains committed to delivering consistent value to its shareholders. The company's share repurchase program, authorized up to $100 million through 2026, underscores its confidence in sustained growth and robust market positioning.
For more information on Five Below, its product offerings, and the latest updates, visit www.fivebelow.com or follow Five Below on Instagram, TikTok, and Facebook @FiveBelow.
Five Below (NASDAQ: FIVE) reported Q3 fiscal 2024 results with net sales increasing 14.6% to $843.7 million and comparable sales rising 0.6%. The company opened 82 new stores, ending with 1,749 stores across 44 states, an 18.1% increase year-over-year.
Q3 adjusted operating income was $27.6 million, with adjusted diluted EPS of $0.42. Year-to-date net sales grew 11.9% to $2.49 billion, though comparable sales decreased by 2.6%. The company announced Winnie Park as new CEO, effective December 16, 2024.
For Q4 2024, Five Below expects net sales between $1.35-1.38 billion with comparable sales decreasing 3-5%. Full-year guidance projects net sales of $3.84-3.87 billion with approximately 227 net new stores.
Five Below (NASDAQ: FIVE) has appointed Winnie Park as Chief Executive Officer and Board member, effective December 16, 2024. Park, who previously served as CEO of Forever 21, brings over three decades of retail experience. She will work alongside COO Kenneth Bull and Executive Chairman Thomas Vellios.
At Forever 21, Park led a transformational brand refresh focusing on younger consumers and social media engagement. Her prior experience includes CEO roles at Paper Source and executive positions at Duty Free Shoppers (LVMH). Park's expertise spans customer-centric strategies, merchandising, and brand building across specialty and value retail segments.
Five Below (NASDAQ: FIVE) has scheduled its third quarter fiscal 2024 financial results announcement for December 4, 2024, after market close. The company will hold a conference call at 4:30 p.m. Eastern Time to discuss the results. Investors can access the live audio webcast at investor.fivebelow.com, where a replay will be available afterward. Those interested in participating can dial 412-902-6753 approximately 10 minutes before the call begins.
Five Below (NASDAQ: FIVE) has unveiled its 2024 Halloween product lineup, offering a wide range of affordable items starting at just $1. The collection includes costumes, decorations, accessories, and candy for all ages. Highlights include:
- Trendy costumes for humans and pets
- Halloween-inspired apparel featuring popular franchises
- Indoor and outdoor decorations, including giant inflatables
- Makeup, masks, and accessories starting at $2
- A variety of candies and specialty treats
In over 50 select stores, Five Below is introducing an expanded 'fright house' experience with exclusive animatronics and decorations. With over 1,700 stores across the U.S. and online shopping options, Five Below aims to provide a convenient and budget-friendly Halloween shopping experience.
Five Below (NASDAQ: FIVE) reported Q2 fiscal 2024 results with net sales increasing 9.4% to $830.1 million. However, comparable sales decreased by 5.7%. The company opened 62 new stores, ending the quarter with 1,667 stores across 43 states. Q2 GAAP diluted EPS was $0.60, while adjusted diluted EPS was $0.54. Five Below updated its full-year 2024 guidance, expecting net sales between $3.73 billion and $3.80 billion. The company plans to open approximately 230 new stores this year but is moderating store growth to 150-180 stores in 2025 to focus on initiatives and improve execution. Five Below's management acknowledged challenges but expressed confidence in the business model and ability to improve results.
Five Below (NASDAQ: FIVE) has announced the release date for its second quarter fiscal 2024 financial results. The company, known for its trend-right, high-quality, extreme-value retail offerings for tweens, teens, and beyond, will disclose its earnings after market close on Wednesday, August 28, 2024. Following the release, Five Below will host a conference call at 4:30 p.m. Eastern Time to discuss the financial results. Investors and analysts can participate by dialing 412-902-6753 approximately 10 minutes before the call starts. Additionally, a live audio webcast will be available on the company's investor relations website, where a replay will also be accessible shortly after the call concludes.
Five Below (NASDAQ: FIVE) announced a significant leadership change, appointing Kenneth Bull as interim President and CEO, replacing Joel Anderson. Tom Vellios, Co-Founder and Chairman, becomes interim Executive Chairman. The company has initiated a search for a permanent CEO.
Additionally, Five Below provided an update on its financial performance. For the 10-week period ended July 13, 2024, total sales increased by 9.5% compared to the same period last year. However, comparable sales decreased by 5.0%. The company revised its Q2 fiscal 2024 guidance, projecting sales between $820 million to $826 million, with an expected 6% to 7% decrease in comparable sales. Diluted income per common share is anticipated to be in the range of $0.53 to $0.56.
Five Below is gearing up for the back-to-school season by offering a wide range of affordable products. Their selection includes $5 backpacks, school supplies, room decor, and beauty products, all starting at $1. With over 1,600 stores across the U.S. and options for online shopping and home delivery, Five Below aims to make back-to-school shopping stress-free and budget-friendly. The company is also partnering with the Kids in Need Foundation to donate backpacks to disadvantaged students. Additionally, they are hosting a Dream Dorm Contest on Instagram, where participants can win a $500 gift card and trendy goodies.
Five Below (NASDAQ: FIVE) announced its participation in Oppenheimer's 24th Annual Consumer Growth and E-Commerce Conference.
The event will be held virtually on June 12, 2024, with a scheduled fireside chat at 2:15 p.m. ET.
The company's management will join the discussion, with the audio webcast available live and an archived replay accessible two hours post-event on their investor website.
Five Below announced its Q1 fiscal 2024 financial results, highlighting an 11.8% increase in net sales to $811.9 million. Despite growth in sales, comparable sales declined by 2.3%. The company reported a diluted EPS of $0.57 and an adjusted diluted EPS of $0.60. Operating income fell to $36.2 million, affected by a $2 million non-recurring expense. Net income was $31.5 million, down from $37.5 million in Q1 2023. The company opened 61 new stores, totaling 1,605 stores. For Q2 2024, Five Below forecasts net sales between $830 million and $850 million, with a mid-single digit decrease in comparable sales. Full-year 2024 guidance projects net sales between $3.79 billion and $3.87 billion and an adjusted diluted EPS between $5.00 and $5.40.
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