Five Below Reports Q2 Earnings Beat, Raises Guidance
Five Below (NASDAQ:FIVE) reported fiscal second-quarter results that exceeded analyst expectations, leading to a 6.2% rise in its shares during premarket trading. The company's adjusted earnings per share came in at $1.68 versus the expected $1.33, while net sales grew by 22.9% year-over-year to reach $1.26 billion. Comparable sales increased by 14.1%, driven primarily by higher customer traffic and transaction volumes rather than an increase in average ticket prices. Five Below also raised its full-year fiscal 2026 guidance, projecting net sales between $5.63 billion and $5.71 billion with adjusted diluted earnings per share expected to range from $9.83 to $10.31. In addition, the company's board authorized a new $600 million share repurchase program. Analysts responded positively: Deutsche Bank raised its price target for Five Below shares to $334 from $318, while Jefferies maintained its Buy rating with a $350 price target.
Tickers: $FIVE