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 has successfully raised over $1.5 million in donations for the Alex’s Lemonade Stand Foundation during its recent campaign from May 23 to June 19, 2022. This contribution brings the total donations since their partnership began in 2006 to more than $10 million. The funds will support crucial research and initiatives aimed at finding cures for childhood cancers. Michael Romanko, Chief Merchandising Officer, expressed gratitude for the customers' generosity, highlighting their impact on pediatric cancer research.
Five Below, Inc. (NASDAQ: FIVE) appointed Bernard Kim as an independent director to its board, effective immediately. Kim, CEO of Match Group, brings significant experience from Zynga and Electronic Arts. This expansion increases the board to 11 directors. Tom Vellios, Co-Founder and Chairman, expressed excitement over Kim's potential contributions, particularly in enhancing digital strategies. Kim acknowledged Five Below's growth and unique value proposition, looking forward to collaborating on key initiatives for success.
On June 14, 2022, Five Below (NASDAQ: FIVE) held its Annual Meeting of Shareholders, where it expanded its board to 11 directors, adding new independent director Bernard Kim, CEO of Match Group. The company transitioned to annual elections for directors, set to be fully declassified by 2025. Furthermore, Five Below announced a stock repurchase program of up to $100 million through June 2025, with share repurchase timing dependent on market conditions. These initiatives aim to enhance governance and shareholder value.
Five Below, Inc. (NASDAQ: FIVE) reported a 7% increase in net sales for Q1 2022, reaching $639.6 million, compared to $597.8 million in Q1 2021. However, comparable sales decreased by 3.6%. The company opened 35 new stores, resulting in a total of 1,225 stores. Operating income fell to $42.3 million from $63.7 million, and net income was $32.7 million, down from $49.6 million a year prior. Diluted EPS declined to $0.59 from $0.88.
For Q2 2022, sales are expected between $675 million and $695 million, with net income projected at $41 million to $48 million.
Five Below (NASDAQ: FIVE) announced that its financial results for Q1 2022 will be released on June 8, 2022, after market close. A conference call will be held at 4:30 p.m. ET to discuss these results. Investors can join the call by dialing 412-902-6753 or access a live audio webcast on the investor website. A taped replay will be available shortly after the call concludes. The company emphasizes its commitment to providing trend-right, high-quality products for tweens and teens, with over 1,200 stores across 40 states.
Five Below announced the success of its recent fundraising effort, raising over $1.7 million for St. Jude Children’s Research Hospital. The campaign ran from March 21 to April 18, 2022, with all donations going directly to support pediatric cancer research and treatment. This initiative has contributed to a total of $8.9 million raised by Five Below for St. Jude since their partnership began in 2008. Michael Romanko, Chief Merchandising Officer, expressed gratitude for customer support and emphasized the company's commitment to helping children and families battling cancer.
Five Below reported a Q4 net sales increase of 16.1%, reaching $996.3 million, and Q4 EPS rose by 13% to $2.49. The company plans to triple its U.S. store potential to over 3,500 by 2030, aiming to double sales and more than double EPS through 2025. In fiscal 2021, net income jumped 59.3% to $278.8 million, with diluted EPS growing from $2.20 to $4.95. For fiscal 2022, sales are projected between $3.16 billion and $3.26 billion with EPS guidance of $5.19 to $5.70.
Five Below, Inc. (NASDAQ: FIVE) will host its inaugural Investor Day on March 30, 2022, announcing fourth quarter and fiscal year 2021 results. The event starts at 9:00 a.m. ET with a press release at 7:00 a.m. Investors can access the live video webcast and pre-register at Five Below Investor Relations. Leadership will discuss the company's strategic vision through 2025 and provide financial guidance for fiscal 2022, emphasizing growth plans tailored for its youthful target market.
Five Below (NASDAQ: FIVE) reported a 20.6% increase in net sales for the holiday period, totaling $870.9 million, compared to $722.3 million last year. Comparable sales rose by 7.7%.
CEO Joel Anderson acknowledged the exceptional performance, attributing growth to trending items like sensory products and Squishmallows. Given the results, the company is adjusting its guidance near the high end of its previous forecasts for the fourth quarter and full year of fiscal 2021, expecting net sales to reach up to $1,005 million and $2.857 billion respectively.
Five Below, Inc. (NASDAQ: FIVE) announced management's participation in the 2022 ICR Conference on January 10, 2022, at 10:00 a.m. ET. Joel Anderson, President & CEO, and CFO Ken Bull will engage in a fireside chat, which will be live-streamed online. The company is set to release its holiday sales results on the same day before the market opens.
Known for trendy, affordable products aimed at tweens and teens, Five Below operates nearly 1,200 stores across 40 states.
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