Five Below, Inc. Announces Holiday Sales Results for Quarter-To-Date Through January 4, 2025
Five Below, Inc. (NASDAQ: FIVE) announced its net sales results for the holiday period from November 3, 2024, to January 4, 2025. Net sales increased by 8.7% to $1.19 billion compared to $1.10 billion in the same period last year. However, comparable sales decreased by 3.2%. The company reiterated its fourth-quarter and full-year fiscal 2024 guidance, expecting fourth-quarter sales to be in the upper half of the projected range.
The fourth-quarter guidance includes net sales of $1.35 billion to $1.38 billion, an approximate 3% to 5% decrease in comparable sales, and diluted income per share between $3.15 and $3.33. Full-year guidance projects net sales of $3.84 billion to $3.87 billion, a 3% decrease in comparable sales, and diluted income per share between $4.34 and $4.52.
CEO Winnie Park expressed excitement about joining the company during the holiday season and highlighted the dedication of the team. Five Below plans to continue enhancing its product offerings, value, and store experience. The company will participate in a fireside chat at the 2025 ICR Conference, with a webcast available for investors.
Five Below, Inc. (NASDAQ: FIVE) ha annunciato i risultati delle vendite nette per il periodo delle festività dal 3 novembre 2024 al 4 gennaio 2025. Le vendite nette sono aumentate dell'8,7% a $1,19 miliardi rispetto a $1,10 miliardi nello stesso periodo dell'anno scorso. Tuttavia, le vendite comparabili sono diminuite del 3,2%. L'azienda ha ribadito la sua guida per il quarto trimestre e per l'intero anno fiscale 2024, prevedendo che le vendite del quarto trimestre siano nella parte alta dell'intervallo previsto.
Le previsioni per il quarto trimestre comprendono vendite nette di $1,35 miliardi a $1,38 miliardi, un decremento approssimativo del 3% al 5% nelle vendite comparabili e un utile diluito per azione tra $3,15 e $3,33. Le previsioni per l'intero anno indicano vendite nette di $3,84 miliardi a $3,87 miliardi, una diminuzione del 3% nelle vendite comparabili e un utile diluito per azione tra $4,34 e $4,52.
Il CEO Winnie Park ha espresso entusiasmo per aver aderito all'azienda durante la stagione natalizia e ha sottolineato la dedizione del team. Five Below prevede di continuare a migliorare la propria offerta di prodotti, il valore e l'esperienza in negozio. L'azienda parteciperà a un incontro informale alla ICR Conference 2025, con una trasmissione in diretta disponibile per gli investitori.
Five Below, Inc. (NASDAQ: FIVE) anunció sus resultados de ventas netas para el periodo de vacaciones del 3 de noviembre de 2024 al 4 de enero de 2025. Las ventas netas aumentaron un 8.7% a $1.19 mil millones en comparación con $1.10 mil millones en el mismo periodo del año pasado. Sin embargo, las ventas comparables disminuyeron un 3.2%. La compañía reiteró sus proyecciones para el cuarto trimestre y el año fiscal completo 2024, esperando que las ventas del cuarto trimestre se sitúen en la mitad alta del rango proyectado.
Las proyecciones para el cuarto trimestre incluyen ventas netas de $1.35 mil millones a $1.38 mil millones, una disminución aproximada del 3% al 5% en ventas comparables, y un ingreso diluido por acción entre $3.15 y $3.33. Las proyecciones para el año completo estiman ventas netas de $3.84 mil millones a $3.87 mil millones, una disminución del 3% en ventas comparables, y un ingreso diluido por acción entre $4.34 y $4.52.
La CEO Winnie Park expresó su entusiasmo por unirse a la compañía durante la temporada navideña y destacó la dedicación del equipo. Five Below planea continuar mejorando su oferta de productos, valor y experiencia en la tienda. La compañía participará en una charla informal en la Conferencia ICR 2025, con una transmisión en línea disponible para los inversionistas.
파이브 블로우 주식회사 (NASDAQ: FIVE)는 2024년 11월 3일부터 2025년 1월 4일까지의 휴일 기간 동안의 순매출 결과를 발표했습니다. 순매출은 작년 같은 기간의 11억 달러에서 8.7% 증가한 11억 9천만 달러에 달했습니다. 그러나 비교 가능한 매출은 3.2% 감소했습니다. 회사는 2024 회계연도 4분기 및 전체 연도 전망을 다시 한 번 강조하며, 4분기 매출이 예상 범위의 상위 절반에 이를 것으로 기대하고 있습니다.
4분기 전망에는 13억 5천만 달러에서 13억 8천만 달러의 순매출, 비교 가능한 매출에서 약 3%에서 5% 감소, 그리고 주당 희석 이익이 3.15달러에서 3.33달러 사이일 것으로 포함되어 있습니다. 전체 연도 전망은 순매출이 38억 4천만 달러에서 38억 7천만 달러, 비교 가능한 매출은 3% 감소, 그리고 주당 희석 이익이 4.34달러에서 4.52달러 사이로 예상하고 있습니다.
CEO인 위니 파크는 휴일 시즌 동안 회사에 합류하게 된 것에 대한 기쁨을 표현하고 팀의 헌신을 강조했습니다. 파이브 블로우는 제품 제공, 가치 및 매장 경험을 지속적으로 향상시킬 계획입니다. 회사는 2025 ICR 컨퍼런스에서 화상담에 참여할 예정이며, 투자자를 위한 웹캐스트가 제공될 것입니다.
Five Below, Inc. (NASDAQ: FIVE) a annoncé ses résultats de ventes nettes pour la période des fêtes allant du 3 novembre 2024 au 4 janvier 2025. Les ventes nettes ont augmenté de 8,7 % pour atteindre 1,19 milliard de dollars contre 1,10 milliard de dollars au même trimestre l'année dernière. Cependant, les ventes comparables ont diminué de 3,2 %. L'entreprise a réitéré ses prévisions pour le quatrième trimestre et l'année fiscale complète 2024, s'attendant à ce que les ventes du quatrième trimestre se situent dans la moitié supérieure de la fourchette projetée.
Les prévisions pour le quatrième trimestre incluent des ventes nettes de 1,35 milliard à 1,38 milliard de dollars, une diminution approximative de 3 % à 5 % des ventes comparables, et un bénéfice dilué par action compris entre 3,15 et 3,33 dollars. Les prévisions pour l'année complète projettent des ventes nettes de 3,84 milliards à 3,87 milliards de dollars, une baisse de 3 % des ventes comparables, et un bénéfice dilué par action compris entre 4,34 et 4,52 dollars.
La PDG Winnie Park a exprimé son enthousiasme à rejoindre l'entreprise pendant la saison des fêtes et a souligné le dévouement de l'équipe. Five Below prévoit de continuer à améliorer ses offres de produits, son rapport qualité-prix et l'expérience en magasin. L'entreprise participera à une discussion informelle lors de la conférence ICR 2025, avec un webcast disponible pour les investisseurs.
Five Below, Inc. (NASDAQ: FIVE) gab seine Nettoumsatzergebnisse für den Feiertagszeitraum vom 3. November 2024 bis zum 4. Januar 2025 bekannt. Die Nettoumsätze stiegen um 8,7 % auf 1,19 Milliarden US-Dollar im Vergleich zu 1,10 Milliarden US-Dollar im gleichen Zeitraum des Vorjahres. Die vergleichbaren Umsätze gingen jedoch um 3,2 % zurück. Das Unternehmen bekräftigte seine Prognosen für das vierte Quartal und das gesamte Geschäftsjahr 2024 und erwartet, dass die Umsätze im vierten Quartal im oberen Bereich der prognostizierten Spanne liegen werden.
Die Prognose für das vierte Quartal umfasst Nettoumsätze von 1,35 Milliarden bis 1,38 Milliarden US-Dollar, einen geschätzten Rückgang der vergleichbaren Umsätze von etwa 3% bis 5% sowie einen verwässerten Gewinn pro Aktie zwischen 3,15 und 3,33 US-Dollar. Die Prognose für das gesamte Jahr rechnet mit Nettoumsätzen von 3,84 Milliarden bis 3,87 Milliarden US-Dollar, einem Rückgang der vergleichbaren Umsätze um 3 % und einem verwässerten Gewinn pro Aktie zwischen 4,34 und 4,52 US-Dollar.
CEO Winnie Park äußerte ihre Begeisterung, während der Feiertagsaison dem Unternehmen beizutreten, und hob das Engagement des Teams hervor. Five Below plant, weiterhin seine Produktangebote, seinen Wert und das Einkaufserlebnis zu verbessern. Das Unternehmen wird an einem informellen Gespräch auf der ICR-Konferenz 2025 teilnehmen, wobei eine Webübertragung für Investoren verfügbar sein wird.
- Net sales for the holiday period increased by 8.7% to $1.19 billion.
- Fourth-quarter sales are expected to be in the upper half of the guidance range.
- Full-year guidance projects net sales of $3.84 billion to $3.87 billion.
- Comparable sales for the holiday period decreased by 3.2%.
- Fourth-quarter guidance includes an approximate 3% to 5% decrease in comparable sales.
- Full-year guidance projects a 3% decrease in comparable sales.
Insights
The holiday sales report reveals concerning trends for Five Below. The 8.7% net sales growth to
The company's guidance projection of
The performance metrics indicate Five Below is facing headwinds in its value proposition positioning. The negative comparable sales during peak shopping season highlight potential market share erosion to competitors and shifting consumer preferences. The company's emphasis on "product, value and store experience" improvements suggests management recognizes the need to realign with customer expectations.
The strategic focus on "trend-right products at incredible value" will be important as inflation-weary consumers become increasingly price-sensitive. However, the -3.2% comp sales decline during holiday shopping indicates the current merchandise mix and pricing strategy may not be resonating strongly enough with the target demographic, particularly concerning given the discretionary nature of Five Below's product assortment.
Analyzing the projected full-year guidance of
The holiday period's performance, representing approximately
Reiterates Fourth Quarter and Full Year Fiscal 2024 Guidance, with Sales in the Upper Half of the Range
PHILADELPHIA, PA, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Five Below, Inc. (NASDAQ: FIVE) ("Five Below" or the "Company") today announced net sales results for the quarter-to-date period from November 3, 2024 through January 4, 2025 ("Holiday Period"). Net sales for the Holiday Period increased by
Tom Vellios, Executive Chairman and co-founder of Five Below, stated, "We were pleased to deliver holiday results in line with our plans. The increased focus on product, value and store experience to better engage our customers is underway. We are encouraged by early customer response to these investments, and we look forward to continuing to make progress in 2025. Based on our holiday results and forecast for January, we now expect to deliver fourth quarter sales in the upper half of our guidance range and are reiterating our EPS outlook."
Winnie Park, CEO of Five Below, added, "I am thrilled to have joined Five Below during the holiday season and to experience firsthand the magic that we bring to our customers. The passion of the crew across the stores, distribution centers and WowTown headquarters was evident. Together, we will deliver amazing, trend-right products at incredible value in a fun store experience that delights our customers.”
The Company's previously provided guidance given on its third quarter 2024 earnings call is below.
Fourth Quarter Fiscal 2024 Guidance
- Net sales of
$1.35 billion to$1.38 billion - An approximate
3% to5% decrease in comparable sales - Diluted income per common share of
$3.15 t o$3.33 on approximately 55.3 million diluted weighted average shares outstanding; Adjusted diluted income per common share(1) of$3.23 t o$3.41
(1) Adjusted net income and adjusted diluted income per common share exclude the impact of nonrecurring or non-cash items which includes retention awards, costs associated with cost-optimization initiatives and stock compensation benefits, net of income tax impacts.
Full Year Fiscal 2024 Guidance
- Net sales of
$3.84 billion to$3.87 billion - An approximate
3% decrease in comparable sales - Diluted income per common share of
$4.34 t o$4.52 on approximately 55.3 million diluted weighted average shares outstanding; Adjusted diluted income per common share(2) of$4.78 t o$4.96
(2)Adjusted net income and adjusted diluted income per common share exclude the impact of nonrecurring or non-cash items which includes inventory write-off, retention awards, stock compensation benefits, costs associated with cost-optimization initiatives, settlement of employment-related litigation, and asset disposal, net of income tax impacts.
As previously announced, management is scheduled to participate in a fireside chat today at 10:00 a.m. Eastern Time at the 2025 ICR Conference. The event will be webcast live at http://investor.fivebelow.com/investors/. An archived replay will be available two hours after the conclusion of the live event.
Non-GAAP Information:
This press release includes a projection for adjusted diluted income per common share, a non-GAAP financial measure. The Company believes that this non-GAAP financial measure not only provides its management with comparable financial data for internal financial analysis but also provides meaningful supplemental information to investors. Specifically, this non-GAAP financial measure allows investors to better understand the performance of the Company's business and facilitate a meaningful evaluation of its quarterly and fiscal year 2024 diluted income per common share and actual results on a comparable basis with its quarterly and fiscal year 2023 results. In evaluating this non-GAAP financial measure, investors should be aware that in the future the Company may incur expenses that are the same as or similar to some of the adjustments in this filing. The Company's presentation of non-GAAP financial measures should not be construed to imply that its future results will be unaffected by any such adjustments. The Company has provided this information as a means to evaluate the results of its ongoing operations. Other companies in the Company's industry may calculate these items differently than it does. This measure is not a measure of performance under GAAP and should not be considered as a substitute for the most directly comparable financial measures prepared in accordance with GAAP. Non-GAAP financial measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company's results as reported under GAAP.
Forward-Looking Statements:
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect management's current views and estimates regarding the Company's industry, business strategy, goals and expectations concerning its market position, future operations, margins, profitability, capital expenditures, liquidity and capital resources, store count potential and other financial and operating information. Investors can identify these statements by the fact that they use words such as "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future" and similar terms and phrases. The Company cannot assure investors that future developments affecting the Company will be those that it has anticipated. Actual results may differ materially from these expectations due to risks related to disruption to the global supply chain, risks related to the Company's strategy and expansion plans, risks related to our ability to attract, retain, and integrate qualified executive talent, risks related to disruptions in our information technology systems and our ability to maintain and upgrade those systems, risks related to the inability to successfully implement our online retail operations, risks related to cyberattacks or other cyber incidents, risks related to increased usage of machine learning and other types of artificial intelligence in our business, and challenges with properly managing its use; risks related to our ability to select, obtain, distribute and market merchandise profitably, risks related to our reliance on merchandise manufactured outside of the United States, the availability of suitable new store locations and the dependence on the volume of traffic to our stores, risks related to changes in consumer preferences and economic conditions, risks related to increased operating costs, including wage rates, risks related to inflation and increasing commodity prices, risks related to potential systematic failure of the banking system in the United States or globally, risks related to extreme weather, pandemic outbreaks, global political events, war, terrorism or civil unrest (including any resulting store closures, damage, or loss of inventory), risks related to leasing, owning or building distribution centers, risks related to our ability to successfully manage inventory balance and inventory shrinkage, quality or safety concerns about the Company's merchandise, increased competition from other retailers including online retailers, risks related to the seasonality of our business, risks related to our ability to protect our brand name and other intellectual property, risks related to customers' payment methods, risks related to domestic and foreign trade restrictions including duties and tariffs affecting our domestic and foreign suppliers and increasing our costs, including, among others, the direct and indirect impact of current and potential tariffs imposed and proposed by the United States on foreign imports, risks associated with the restrictions imposed by our indebtedness on our current and future operations, the impact of changes in tax legislation and accounting standards and risks associated with leasing substantial amounts of space. For further details and a discussion of these risks and uncertainties, see the Company's periodic reports, including the annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, filed with or furnished to the Securities and Exchange Commission and available at www.sec.gov. If one or more of these risks or uncertainties materialize, or if any of the Company's assumptions prove incorrect, the Company's actual results may vary in material respects from those projected in these forward-looking statements. Any forward-looking statement made by the Company in this news release speaks only as of the date on which the Company makes it. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
About Five Below:
Five Below is a leading high-growth value retailer offering trend-right, high-quality products loved by teens and pre-teens. We believe life is better when customers are free to "let go & have fun" in an amazing experience filled with unlimited possibilities. With most items priced between
Investor Contact:
Five Below, Inc.
Christiane Pelz
Vice President, Investor Relations
215-207-2658
InvestorRelations@fivebelow.com
FAQ
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