The earnings call depicted strong first-quarter performance with growth in sales, new store openings, and effective customer engagement driving positive results. However, challenges such as tariff impacts on operating margins and increased store labor costs present potential headwinds. Overall, the company is optimistic about continued growth and improvement in sourcing strategies.

Company Guidance

In the first quarter of fiscal year 2025, Five Below reported impressive financial results, with sales hitting $971 million and comparable sales increasing by 7.1%. This performance was driven by a 6.2% rise in transactions. The company opened 55 new stores, contributing to a total of 1,826 stores, a 13.8% increase from the previous year. Two of these new stores were among the top 25 all-time grand openings. Adjusted gross profit rose 24.6% to $328.4 million, with an adjusted gross margin of 33.8%, up 140 basis points. The adjusted operating income was $59.6 million, and the adjusted operating margin improved by 140 basis points to 6.1%. Net interest income reached $5.6 million, and adjusted net income grew to $47.5 million, resulting in an adjusted EPS of $0.86. Inventory levels were at $702 million, with average inventory per store decreasing by 2%. For the full year, Five Below expects sales between $4.33 billion and $4.42 billion, with comparable sales growth of 3% to 5% and an adjusted EPS range of $4.25 to $4.72. The company continues to focus on product, value, and store experience, with plans to open approximately 150 net new stores in fiscal 2025.

Strong First Quarter Performance

Sales of $971 million with a comparable sales increase of 7.1%. Increased transactions by 6.2% led to adjusted EPS of $0.86.

Store Growth

Opened 55 new stores across 20 states, ending the quarter with 1,826 stores, an increase of 221 stores or 13.8% over last year.

Improved Inventory and Gross Margin

Adjusted gross profit increased by 24.6% to $328.4 million, with a gross margin increase of approximately 140 basis points to 33.8%.

Customer Engagement and Marketing Success

Invested in creator content for social media with encouraging results, highlighting value to increase brand awareness.

Tariff Mitigation Efforts

Reduction in goods sourced from China by about ten percentage points for the back half of the year, with diversification of sourcing and pricing adjustments.

Five Below (FIVE) Earnings, Revenues Date & History

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FIVE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 27, 2025	2025 (Q2)	0.56 / -	0.54	―	―	―
Jun 04, 2025	2025 (Q1)	0.83 / 0.86	0.6	43.33% (+0.26)	―
Mar 19, 2025	2024 (Q4)	3.38 / 3.48	3.65	-4.66% (-0.17)	―
Dec 04, 2024	2024 (Q3)	0.17 / 0.42	0.26	61.54% (+0.16)	―
Aug 28, 2024	2024 (Q2)	0.54 / 0.54	0.84	-35.71% (-0.30)	―
Jun 05, 2024	2024 (Q1)	0.63 / 0.60	0.67	-10.45% (-0.07)	―
Mar 20, 2024	2023 (Q4)	3.78 / 3.65	3.07	18.89% (+0.58)	―
Nov 29, 2023	2023 (Q3)	0.23 / 0.26	0.29	-10.34% (-0.03)	―
Aug 30, 2023	2023 (Q2)	0.83 / 0.84	0.74	13.51% (+0.10)	―
Jun 01, 2023	2023 (Q1)	0.63 / 0.67	0.59	13.56% (+0.08)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FIVE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 04, 2025	$121.24	$128.02	+5.59%
Mar 19, 2025	$75.59	$76.11	+0.69%
Dec 04, 2024	$104.97	$115.97	+10.48%
Aug 28, 2024	$78.94	$78.24	-0.89%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.