Five Below Q1 Sales Jump 32.5% to $1.29B; Boosts 2026 Guidance
FIVE•Five Below’s first-quarter net sales rose 32.5% to $1.286 billion with comparable sales up 22.7%, 49 new‐store openings totaling 1,970 locations, and operating income of $154.2 million driving diluted EPS of $2.21. The company raised full‐year 2026 sales guidance to $5.40 billion–$5.48 billion and EPS outlook to $8.62–$9.02.
1. Q1 Financial Highlights
In the first quarter ended May 2, 2026, Five Below reported net sales of $1.2856 billion, up 32.5% year over year, with comparable sales growth of 22.7%. Operating income rose to $154.2 million from $50.8 million, while diluted EPS increased to $2.21 from $0.75 in the prior year period.
2. Store Expansion and Execution
During the quarter, the company opened 49 net new stores, bringing its total footprint to 1,970 locations across 46 states, a 7.9% increase versus last year. This expansion supported broad-based growth across all merchandising categories and demographic segments.
3. Full-Year 2026 Outlook Raised
Five Below now expects fiscal 2026 net sales of $5.40 billion to $5.48 billion and EPS of $8.62 to $9.02. The outlook assumes approximately 150 net new store openings, second-quarter sales of $1.18 billion–$1.20 billion with 7%–9% comparable growth, and includes current tariff impacts.
