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 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.
Five Below (NASDAQ: FIVE) reported a significant surge in financial performance for Q1 2021, with net sales rising by 64% to $598 million compared to Q1 2019. EPS increased by 91% to $0.88. Operating profit soared over 2.5 times since Q1 2019, reaching $63.7 million. The company opened 67 new stores, enhancing its total to 1,087 locations. Looking ahead, Five Below expects Q2 net sales of $640 million to $660 million and net income between $56.9 million and $63.7 million.
Five Below, Inc. (NASDAQ:FIVE) announced that its Q1 2021 financial results will be released on June 3, 2021, post-market close. A conference call will be held at 4:30 PM ET for discussion. Investors can participate by dialing 412-902-6753, with a live audio webcast available at investor.fivebelow.com. The company emphasizes its ongoing growth in the extreme-value retail sector, targeting tweens and teens with a diverse product range across various categories. The press release includes forward-looking statements that outline potential risks and uncertainties regarding future operations.
Five Below reported significant growth in Q4, with net sales increasing by 24.9% to $858.5 million and a comparable sales rise of 13.8%. Operating income saw a 17.7% increase to $169.6 million, while net income rose 12.3% to $123.9 million, resulting in an EPS of $2.20. However, for the fiscal year, net sales only grew 6.2% with a 29.5% decline in net income to $123.4 million. Looking ahead, the company projects Q1 2021 net sales between $540 million and $560 million.
Five Below, Inc. (NASDAQ:FIVE) will release its fourth-quarter 2020 financial results on March 17, 2021, after market close. A conference call to discuss these results will take place at 4:30 PM ET. Interested parties can join the call by dialing 412-902-6753 or through a live audio webcast available on the company's investor website. A replay will be accessible shortly after the call. The company emphasizes that forward-looking statements reflect management’s current views and may vary based on various risks and uncertainties.
Five Below (NASDAQ: FIVE) has unveiled an exclusive collection in collaboration with artist Andrea Pippins, featuring thirteen products designed to foster creativity among tweens and teens. The collection, priced at $1-$5, includes items such as sketchbooks, art journals, and graphic t-shirts, available at over 1,000 stores and online. Michael Romanko, Chief Merchandising Officer, praised the collaboration for empowering young customers. This partnership marks the second one for Five Below this year, reflecting its commitment to trend-right, value-driven offerings.
Five Below reported a 21.1% increase in net sales for the holiday period, totaling $722.3 million, compared to $596.6 million the previous year. This marks the strongest comparable sales growth since 2011, with a 10.1% increase in comparable sales. For fourth-quarter fiscal 2020, the company anticipates net sales between $835 million and $840 million, reflecting growth of 21.5% to 22.2%, and diluted income per share of $2.08 to $2.12. However, full-year guidance indicates a 6.5% decrease in comparable sales.
Five Below, Inc. (NASDAQ:FIVE) announced its participation in the virtual ICR Conference 2021. Scheduled for January 12, at 10:30 a.m. Eastern Time, CEO Joel Anderson and CFO Ken Bull will engage in a fireside chat. The audio will be web-cast live and available for replay afterward. The company is set to release its holiday sales results on the same day before the market opens. As a high-growth retailer focused on value for tweens and teens, Five Below operates over 1,000 stores across 38 states, with most items priced between $1 and $5.
Five Below announces a partnership with Instacart to offer same-day delivery and curbside pickup from select stores. This initiative aims to enhance customer convenience during the holiday season, particularly in cities like Baltimore, Chicago, and portions of California and Texas. Customers will have access to a variety of items, including toys and household essentials. With over 1,000 stores nationwide, Five Below is committed to adapting to the evolving shopping preferences of tweens, teens, and beyond.
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