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 reported a Q4 net sales increase of 12.7%, reaching $1,122.8 million, with comparable sales up 1.9%. EPS rose 23% to $3.07. The company opened 48 new stores, totaling 1,340 locations across 42 states. For the full year, net sales increased 8.0% to $3,076.3 million, but comparable sales decreased 2.0%. The company plans to open a record 200 new stores in 2023, anticipating net sales between $3.49 billion and $3.59 billion. Operating income was $225.8 million for Q4, and net income reached $171.3 million.
Five Below (NASDAQ: FIVE) has announced the promotion of Kenneth Bull from Chief Financial Officer to Chief Operating Officer. Bull, who has been with the company since 2005, played a key role in its transition to a public company and financial stewardship. The company is now in search of a new CFO, with Bull continuing to serve in that capacity until an appointment is made. CEO Joel Anderson highlighted the growth potential for Five Below and expressed confidence in Bull's ability to drive operational initiatives. A conference call discussing the fourth-quarter and full-year financial results is set for March 15, 2023.
Five Below, Inc. (NASDAQ: FIVE) has scheduled its financial results announcement for the fourth quarter and full year of fiscal 2022 on March 15, 2023, after market close. A conference call will follow at 4:30 p.m. ET for discussion. Investors can join the call by dialing 412-902-6753 or via a live audio webcast on the company's investor site. This update comes as Five Below continues to operate over 1,340 stores across 43 states, offering products primarily priced from $1 to $5. The company emphasizes providing a fun shopping experience for tweens and teens.
FAQ
What is the current stock price of Five Below (FIVE)?
What is the market cap of Five Below (FIVE)?
What is Five Below, Inc.?
Where is Five Below headquartered?
How many stores does Five Below operate?
What types of products does Five Below sell?
What is the Five Beyond format?
Which major brands are available at Five Below?
What are Five Below's recent achievements?
What are Five Below's future plans?
How can I get more information about Five Below?
What is Five Below's share repurchase program?
