Record-Breaking Sales and Growth
In Q3, Five Below delivered its second consecutive quarter of over $1 billion in sales and double-digit comparable sales growth. Net sales grew 23% with comparable sales growth of over 14%, driven equally by transactions and ticket.
Significant Earnings Growth
With disciplined expense management, adjusted diluted earnings per share grew 62% over last year to $0.68.
Successful Store Expansion
Store growth continued to be strong at 9% over last year with 49 net new stores opened. The company ended the quarter with over 1,900 stores, including record-setting grand openings in the Pacific Northwest.
Improved Inventory Management
Operational execution improved with better inventory flow and in-stock positions. The inventory was approximately $1.1 billion, with average inventory per store increasing nearly 25%.
Positive Customer Reception
The company's focus on a customer-centric strategy showed results, with broad-based growth across merchandising departments and increased traffic driven by effective marketing strategies.