Q1 2026 Five Below Inc Earnings Call Transcript
Key Points
- Five Below Inc (FIVE) reported a significant sales growth of nearly 33% to $1.3 billion, driven by a 23% increase in comparable sales and strong new store performance.
- The company opened 49 net new stores during the quarter, contributing to an 8% year-over-year increase in store count.
- Adjusted earnings per share (EPS) grew over 2.5 times compared to the first quarter of last year, reaching $2.22 per share.
- The company experienced broad-based growth across 15 of 18 departments, with Games and Toys showing particularly strong performance.
- Five Below Inc (FIVE) is expanding its marketing toolkit with a social-first approach, enhancing customer engagement and brand awareness, particularly among Gen Alpha, Gen Z, and Millennial moms.
- The company anticipates a more challenging macro environment in the latter half of the year, which could impact consumer sentiment and buying behaviors.
- Despite strong performance, the company remains cautious about the potential impact of rising fuel costs and sticky inflation on its operations.
- Five Below Inc (FIVE) is facing increased incentive costs and higher store labor expenses related to physical inventory counts.
- The company has not yet fully realized the potential benefits from IEEPA tariff refunds, which could impact future financial performance.
- While the company has seen success with social media-driven trends like Squishy Dumplings, there is a risk that such trends may not continue to drive sales at the same level in the future.
Good day and welcome to the Five Below first-quarter 2026 earnings conference call (Operator Instructions) Please note, this event is being recorded.
I would now like to turn the conference over to Christiane Pelz, Vice President, Investor Relations. Please go ahead, ma'am
Thank you, operator. Good afternoon, everyone, and thanks for joining us today for Five Below's first-quarter 2026 financial results conference call. On today's call are Winnie Park, Chief Executive Officer; and Dan Sullivan, Chief Financial Officer and Treasurer.
After management has made their formal remarks, we will open the call to questions. Certain comments made during this call may constitute forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from such statements including those described in the press release and our SEC filings.
In this presentation, we will refer to our SG&A expenses
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
