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, Inc. (NASDAQ: FIVE) reported strong third-quarter results for 2020, with net sales increasing 26.3% to $476.6 million and comparable sales up 12.8%. Operating profit surged by 91.2% to $24.2 million, while net income doubled to $20.4 million, leading to diluted EPS of $0.36. However, year-to-date figures showed a 4.8% decline in net sales to $1,103.6 million and an operating loss of $14.8 million. The company plans to open 120 new stores by year-end but refrained from providing guidance for Q4 due to COVID-19 uncertainties.
Five Below (NASDAQ:FIVE) will release its Q3 2020 financial results on December 2, 2020, after market close. A conference call is scheduled for 4:30 p.m. ET to discuss these results. Interested participants can dial in 10 minutes beforehand at 412-902-6753, or access a live audio webcast at investor.fivebelow.com.
A taped replay will be available shortly after the call and can be accessed online or via phone for two weeks.
Five Below has partnered with esports champion Kyle Giersdorf, known as Bugha, to launch an exclusive product line aimed at gamers. The collaboration introduces seven unique gaming accessories available at over 1,000 Five Below stores and online, priced at $10 each. This initiative aims to make gaming more accessible and aligns with the holiday shopping season, promoting affordable, quality gaming gear. The product line features RGB lighting and essential gaming components like keyboards and headsets, reinforcing Five Below's commitment to extreme value in gaming.
Five Below (NASDAQ: FIVE) has officially opened its 1000th store in Houston, Texas, marking a significant milestone for the company. This new location is the 15th store in the Houston metropolitan area and the 111th in Texas, the largest state for Five Below. The store opening was celebrated with giveaways and special deals. Additionally, Five Below opened a new distribution center in Conroe, Texas, covering over 850,000 square feet and servicing more than 170 stores in the region. The company offers a wide range of products priced between $1 and $5, catering primarily to pre-teens and teens.
Five Below reported its second-quarter financial results, showing a 2.1% increase in net sales to $426.1 million despite COVID-19 challenges. Reopened period comparable sales rose 6%, driven by a 4% increase in store sales and 2% from e-commerce. However, total comparable sales decreased 12.2% due to a 19% drop in operating days. The company opened 62 new stores, reaching a total of 982 stores, a 17.9% increase year-over-year. Net income improved to $29.6 million or $0.53 per share. No guidance for future sales or earnings was provided.
Five Below, Inc. (NASDAQ: FIVE) announced that CFO Ken Bull will participate in a fireside chat at the 2020 Evercore ISI Virtual Consumer & Retail Summit on June 17, 2020, at 10:15 am ET. The chat will be webcast live, with an archived replay available shortly after. Five Below offers high-quality products for tweens and teens, with most items priced between $1-$5. Founded in 2002, the company operates over 900 stores across 36 states, focusing on fun and affordable shopping experiences.
Five Below reported its first-quarter fiscal results amid the COVID-19 pandemic, with store closures impacting performance. Net sales dropped by 44.9% to $200.9 million compared to $364.8 million in the same period last year. Comparable sales fell 51.8%. The company incurred an operating loss of $72.2 million, contrasting with operating income of $24.5 million in Q1 2019. Net loss reached $50.6 million, with a diluted loss per share of $0.91. Despite challenges, about 90% of stores have reopened, and the company aims to open 100 to 120 new stores in 2020.
Five Below (NASDAQ: FIVE) has reopened over 75% of its stores, implementing strict health and safety measures amid the pandemic. President and CEO Joel Anderson expressed pride in the staff's commitment to adapting to new operational protocols. The company has opened 700 stores since April 21 and plans to open 100-120 new stores in 2020. Enhancements include social distancing signage and increased cleaning. Despite a challenging environment, customer engagement has resumed, focusing on summer products and everyday essentials.
Five Below, Inc. (NASDAQ: FIVE) will announce its financial results for Q1 2020 after market close on June 9, 2020. A conference call is scheduled for the same day at 4:30 p.m. ET, allowing investors and analysts to engage with management. A replay will be accessible shortly after the call. The company notes potential impacts from the COVID-19 pandemic, including store closures and supply chain disruptions. Despite these challenges, Five Below continues to expand, with over 900 stores across 36 states, catering to tweens and teens with affordable products.
Five Below (NASDAQ: FIVE) announced that its Annual Shareholder Meeting will be held virtually on June 16, 2020, at 9:00 am ET due to COVID-19 concerns. Shareholders of record as of April 21, 2020, can participate, post questions, and vote. Registration is required by June 13, 2020. Those voting live must have a legal proxy if shares are held through an intermediary. Technical assistance will be available for participants. The meeting aims to ensure shareholder participation while addressing safety during the pandemic.
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