Five Below Inc ( (FIVE) ) has released its Q4 earnings. Here is a breakdown of the information Five Below Inc presented to its investors.
Five Below, Inc. is a high-growth value retailer offering a wide range of trend-right, high-quality products primarily priced between $1 and $5, targeting tweens, teens, and beyond across its approximately 1,800 stores in the United States.
In its latest earnings report, Five Below, Inc. announced a net sales increase of 7.8% for the fourth quarter and 10.4% for the fiscal year 2024, excluding the impact of an additional week in the previous fiscal year. The company reported a GAAP diluted EPS of $3.39 for Q4 and $4.60 for the fiscal year, with adjusted figures slightly higher.
Key highlights include a 4.0% increase in net sales for Q4 to $1.39 billion, despite a 3.0% decrease in comparable sales. The company opened 22 new stores in the quarter, ending with a total of 1,771 stores. Operating income saw a slight decrease, while adjusted net income showed a marginal decline when excluding the impact of the previous year’s 53rd week. For the fiscal year, net sales rose to $3.88 billion, with a 2.7% decrease in comparable sales, and the company opened 227 new stores.
Looking ahead, Five Below expects net sales for the first quarter of fiscal 2025 to range between $905 million and $925 million, with plans to open approximately 50 new stores. For the full fiscal year 2025, the company anticipates net sales between $4.21 billion and $4.33 billion, supported by the opening of around 150 new stores. Management remains focused on delivering value and enhancing the customer experience.
Overall, Five Below is poised to continue its growth trajectory, with a strategic emphasis on product innovation, value, and expanding its store footprint, aiming to capture a larger share of the value retail market.