Five Below

Five Below, Inc. operates as a specialty value retailer. It operates through the following segments: Leisure, Fashion and Home, and Party and Snack. The Leisure segment includes items such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. The Fashion and Home segment consists of personal accessories, “attitude” t-shirts, beauty offerings, home goods, and storage options. The Party and Snack segment offers party and seasonal goods, greeting cards, candy, and other snacks and beverages. The company was founded by David Schlessinger and Thomas G. Vellios in January 2002 and is headquartered in Philadelphia, PA.

Earnings data Q4 2020

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Five Below reports strong Q1 performance, plans aggressive store expansion

Five Below's Q1 2023 earnings call showcased strong sales growth and transaction increases, driven by customer shopping frequency. The company plans to accelerate store expansion and focus on delivering value in the $1 to $3 price range. While facing challenges in the licensing business, there are opportunities to improve with upcoming movie releases and the implementation of a loyalty program.

Five Below reports strong Q2 performance and gears up for a successful holiday season

Five Below's Q2 2023 earnings call showcased strong performance, highlighted by sales growth, strategic execution, and inventory optimization efforts. While facing challenges related to shrink and store pipeline filling, the company is well-positioned for a successful holiday season and continued margin expansion.

Five Below surpasses Q3 expectations, eyes growth amid economic challenges

Five Below's Q3 performance exceeded expectations, driven by strong sales growth and store expansion. The company's focus on the Five Beyond format, cash position, and growth pipeline positions it well for the future. However, economic concerns and online competition present challenges that need to be navigated.

Five Below reports robust Q4 earnings, eyes store expansion

Five Below's strong financial performance and strategic initiatives position the company for continued growth and market expansion.
Challenges such as inflation and marketing cost efficiency require attention, but opportunities in store expansion and data analytics present avenues for growth.
Overall, Five Below's focus on customer experience, product innovation, and financial strength bode well for future success and sustained performance.

Five Below excels in Q1 2023, eyes growth through expansion

Five Below's Q1 2023 performance showcased robust sales growth and profitability.
The company's strategic focus on expansion, product offerings, and customer loyalty bodes well for future growth.
While challenges like margin leverage and maintaining value exist, opportunities in store openings and licensing show promise.
Overall, Five Below's financial health, growth initiatives, and customer-centric approach position it for continued success.

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While earnings growth remains, the shrinking estimates of this stock are not a good sign.

Bear of the Day: Five Below (FIVE)

Five Below reported its Q1 earnings this week. Slowing comparable sales growth and bad guidance led the stock to fall.

Why Shares of Five Below Stock Slipped This Week

The headline numbers for Five Below (FIVE) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Five Below (FIVE) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

PHILADELPHIA, PA, June 06, 2024 (GLOBE NEWSWIRE) -- Five Below, Inc. (NASDAQ: FIVE), the trend-right, high-quality extreme-value retailer for tweens, teens and beyond, today announced that management will participate in Oppenheimer's 24th Annual Consumer Growth and E-Commerce Conference to be held virtually. Management is currently scheduled to participate in a fireside chat on Wednesday, June 12, 2024 at 2:15 p.m. Eastern Time.

Five Below, Inc. Announces Participation in Oppenheimer's 24th Annual Consumer Growth and E-Commerce Conference

Lower-income U.S. consumers are feeling stretched with their spending, Five Below CEO Joel Anderson said Wednesday. The company's revenue for the first quarter of fiscal year 2024 came in lower-than-expected, and it posted weak revenue guidance.

The low-end consumer 'is really being stretched,' says Five Below CEO

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Five Below missed estimates on the top and bottom lines. Comparable sales fell even as it continues to open new stores.

Why Five Below Stock Was Going Below Today

Five Below stock is lower after the discount retailer said "underperformance in the lower-income demographic" is weighing on its financial results.

Five Below Sinks on Lower-Income Shopper Struggles

Shares of Five Below (FIVE) plunged Thursday, a day after the discount retailer posted worse-than-expected quarterly results and lowered its guidance as inflation hurt its low-income customers.

Five Below Sales Suffer as Inflation Hits Its Customers

Five Below (FIVE) reports year-over-year growth in net sales in Q1. The company is focused on driving sales through pricing tests and marketing initiatives while maintaining strategic pillars like store expansion.

Five Below (FIVE) Q1 Earnings Miss Estimates, Sales Rise Y/Y

Shares of discount retailer Five Below plunged 15.3% after disappointing financial results for Q1 2024. Despite the decline, the company's long-term growth potential remains strong. Revenue increased by 11.8% YoY, but fell short of analysts' expectations, while earnings and adjusted earnings also missed forecasts.

Five Below: Shares Go On Sale At Last

The discount retailer turned in disappointing earnings, and cut guidance. Five Below's base of lower-income customers have been buying less.

Five Below Stock Is Diving After Earnings. Inflation Is Hurting Core Customers.

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Lululemon reported stronger first-quarter earnings than Wall Street expected, while Five Below cut its full-year outlook.

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Five Below's sales were hurt due to overstock of Squishmallows and price-sensitive customers. Inflation has made customers prioritize food and drink items, said Five Below CEO.

Five Below bought so many Squishmallows that it hurt the discount company's bottom line

A pullback in spending by lower-income consumers led to a decline in comparable sales during the first quarter for Five Below. The value retailer's comparable sales decreased 2.3% during the quarter ended May 4, compared to the same period a year earlier, Five Below said in a Wednesday (June 5) earnings release.

Five Below: Comparable Sales Slip as Consumers Feel Inflation's Impact

Five Below, Inc. (NASDAQ:FIVE ) Q1 2024 Earnings Conference Call June 5, 2024 4:30 PM ET Company Participants Christiane Pelz - VP, IR Joel Anderson - President and CEO Kristy Chipman - CFO and Treasurer Conference Call Participants Simeon Gutman - Morgan Stanley Seth Sigman - Barclays Kelly Crago - Citigroup Matthew Boss - JPMorgan Scot Ciccarelli - Truist John Heinbockel - Guggenheim Mike Lasser - UBS Edward Kelly - Wells Fargo Eric Cohen - Gordon Haskett David Bellinger - Mizuho Kate McShane - Goldman Sachs Brad Thomas - KeyBanc Capital Markets Michael Montani - Evercore ISI Joe Feldman - Telsey Advisory Group CJ Dipollino - Craig-Hallum Capital Group William Dossett - Oppenheimer Operator Good day and welcome to the Five Below First Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.

Five Below, Inc. (FIVE) Q1 2024 Earnings Call Transcript

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S&P and ISM Services PMI were accommodating this morning, along with ADP payrolls. LULU beats, while FIVE misses.

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Five Below (FIVE) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.67 per share a year ago.

Five Below (FIVE) Q1 Earnings and Revenues Miss Estimates

Five Below cut its outlook for the year, warning that its core low-income shoppers were facing an outsized impact from years of inflationary pressures.

Five Below Cuts Outlook on Lower Consumer Base Spending Levels

Shares of Five Below Inc. FIVE, -3.68% slid after hours on Wednesday after the teen-centric discount retailer cut its full-year sales forecast, citing weaker spending among its lower-income shoppers, who have been hit harder by inflation. The company said it expected full-year revenue of $3.79 billion to $3.87 billion, with a potential 3% to 5% drop in same-store sales.

Five Below stock tumbles on sales outlook, as inflation hits low-income shoppers

Q1 Net Sales Increase of 11.8% to $811.9 million GAAP Diluted EPS of $0.57 ; Adjusted Diluted EPS of $0.60 Updates Full Year 2024 Guidance PHILADELPHIA, PA, June 05, 2024 (GLOBE NEWSWIRE) -- Five Below, Inc. (NASDAQ: FIVE) today announced financial results for the first quarter ended May 4, 2024. For the first quarter ended May 4, 2024 : Net sales increased by 11.8% to $811.9 million from $726.2 million in the first quarter of fiscal 2023; comparable sales decreased by 2.3% versus the first quarter of fiscal 2023.

Five Below, Inc. Announces First Quarter Fiscal 2024 Financial Results

Five Below's (FIVE) focus on providing trend-right products, strengthening digital capabilities and increasing the penetration of Five Beyond products is likely to have contributed to the Q1 top line.

Assessing Five Below (FIVE) Ahead of Q1 Earnings Release

Shares of Five Below have declined by 37% in the last two months, presenting a buying opportunity for long-term investors. The company has a strong balance sheet, clear growth potential, and a target demographic that is less sensitive to economic pressure. Five Below's business model has shown consistent growth, and its growth potential is supported by its ability to self-fund expansion without debt.

Five Below: Short-Term Weakness Bodes Well For Long-Term Investors

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