Five Below Reports Strong Q2 Earnings with Sales Growth and Store Expansion
Five Below reported second-quarter fiscal 2026 earnings that exceeded expectations, driven by a 23% increase in sales to $1.3 billion and adjusted diluted EPS rising more than double to $1.68. The company attributed the strong performance to increased traffic, trend-driven merchandise, and approximately 9% unit growth. Five Below opened 52 net new stores during the quarter, reaching a total of 2,022 locations across 47 U.S. states. The retailer also announced plans for expansion into Puerto Rico by late 2027 and authorized a $600 million share-repurchase program to return value to shareholders. Management raised its full-year sales outlook to between $5.63 billion and $5.71 billion, with adjusted diluted EPS expected at around $10.07. Despite strong results, higher fuel costs are anticipated to offset some of the benefits from tariff refunds in the third quarter.
Tickers: $FIVE
Topics: financial_results retail share_repurchase store_growth