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 launched a new line of affordable gaming gear in collaboration with Kyle “Bugha” Giersdorf, the Fortnite World Cup Champion. This collection aims to make competitive gaming accessible to all, featuring products like an LED Gaming Soundbar, Monitor Riser, Headset Stand, and the LED Gaming Headset, all priced at $10. Available in over 1,100 stores and online from December 13, the products include RGB lighting and are part of the Five Beyond assortment. Bugha emphasizes the importance of affordability in gaming.
Five Below reported a 27% increase in net sales to $608 million for Q3 2021, with comparable sales rising by 14.8%. Operating income surged 75% to $42 million, while diluted EPS rose by 19% to $0.43.
For the year-to-date, net sales are up 67.8% to $1.85 billion. The company opened 52 new stores, bringing the total to 1,173. Looking ahead, Q4 net sales are projected between $985 million and $1,005 million.
Five Below, Inc. (NASDAQ:FIVE) will announce its third quarter 2021 financial results on December 1, 2021, after market close. A conference call to discuss these results is scheduled for 4:30 p.m. ET the same day. Investors can join by calling 412-902-6753 or via a live audio webcast at investor.fivebelow.com. An audio replay will be available shortly after the call and accessible for two weeks. The company underscores the importance of understanding potential risks and uncertainties that could impact future performance, including supply chain disruptions and consumer demand fluctuations.
Five Below is gearing up for the holiday season with an array of affordable gifts and festive décor, ensuring customers have everything needed for a joyful celebration. The company, based in Philadelphia, emphasizes unbeatable prices across a diverse selection, including tech, toys, and cozy home items. Notably, Five Below has renewed its partnership with Toys for Tots to support underprivileged children this holiday season. The 2021 F.U.N. Gift List features highly sought-after items, catering to various interests and budgets, making holiday shopping accessible for all.
Five Below announced a successful fundraising campaign during Childhood Cancer Awareness Month, raising nearly $1.5 million for St. Jude Children’s Research Hospital. Since 2008, the retailer has contributed over $8.9 million to support vital pediatric cancer research and treatment. The campaign included in-store and online donation drives and participation in St. Jude’s #ShowYourGold initiative. Five Below continues to be committed to philanthropic efforts that enhance the lives of children and families facing serious health challenges.
Five Below reported robust Q2 2021 results, with net sales rising 55% to $647 million compared to Q2 2019. EPS surged 125% to $1.15 from $0.51 in Q2 2019. Operating income climbed 139% to $86 million. The company opened 34 new stores, totaling 1,121 across 39 states. For the year-to-date period, net sales increased 98.5% to $1.24 billion. However, no full-year guidance was provided due to COVID-19 uncertainties, despite a strong third quarter start.
Five Below, Inc. (NASDAQ:FIVE) will release its second-quarter 2021 financial results on September 1, 2021, following market close. The company invites investors and analysts to join a conference call at 4:30 p.m. Eastern Time for a detailed discussion of these results. Interested participants can dial in 10 minutes prior to the start or access a live audio webcast online. A replay will be available shortly after the call for two weeks. The announcement includes forward-looking statements regarding risks such as pandemic impacts, online operations, and consumer preferences that could influence future results.
Five Below expands its partnership with Instacart, introducing same-day delivery to over 700 additional locations, reaching a total of 1,100 stores. This initiative follows a successful pilot in December 2020, driven by strong customer demand. The service enhances accessibility for customers seeking trendy and affordable products, including summer essentials and school supplies. The collaboration aims to provide faster delivery, catering to families nationwide, as stated by company representatives. Customers can shop via Instacart or the Instacart app for convenient delivery options.
Five Below has achieved a fundraising milestone, raising over $1.7 million this year for Alex’s Lemonade Stand Foundation to support childhood cancer research. Since 2006, they have raised more than $8 million for this cause. Five Below's commitment reflects its dedication to philanthropy and improving the lives of children and families. Both organizations celebrated this unprecedented success, emphasizing the impact of community support on vital cancer research initiatives.
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