Five Below, Inc.
Five Below, Inc. Issues Fourth Quarter and Full Year Fiscal 2024 Guidance
Summary
Five Below, Inc. announced on January 13, 2025, its fourth quarter and full year fiscal 2024 net sales and earnings guidance based on quarter-to-date results through January 4, 2025. The company expects net sales of $1.35 billion to $1.38 billion for the fourth quarter, with comparable sales anticipated to decrease by approximately 3% to 5%. For the full year, net sales are expected to be between $3.84 billion and $3.87 billion, with a decrease in comparable sales of about 3%. Diluted income per common share is expected to range from $3.15 to $3.33 for the fourth quarter and $4.34 to $4.52 for the full year, with adjusted diluted income per common share ranging from $3.23 to $3.41 and $4.78 to $4.96, respectively. The guidance is based on holiday sales results showing an 8.7% increase in net sales to $1.19 billion for the quarter-to-date period, although comparable sales decreased by 3.2%. The company provided a link to a live webcast of a fireside chat at the 2025 ICR Conference where the guidance was discussed.
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About Five Below, Inc.
Five Below, Inc. is a specialty discount retailer that offers a diverse range of products primarily aimed at tweens, teens, and young adults, all at affordable prices ranging typically from $1 to $5. Its primary function is to provide a fun shopping experience with an ever-changing product assortment, which includes items such as toys, tech accessories, games, fitness goods, and home décor. The company plays a pivotal role in the retail sector, particularly focusing on value-driven merchandising and the expectation of fun bargains, impacting consumer spending habits, especially among younger demographics. Founded in 2002 and headquartered in Philadelphia, Pennsylvania, Five Below has expanded rapidly across the United States, strategically placing stores in high-traffic locations like strip malls and shopping centers. This positions Five Below as a significant player in the discount retail market, appealing to cost-conscious consumers with its unique and dynamic shopping environment.
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