Five Below, Inc. (FIVE) Earnings Call Transcripts

Five Below, Inc.'s Latest Earnings Call - Q1 FY2027

For Q1 2026, Five Below reported a remarkable revenue increase of nearly 33% to $1.3 billion, driven by a 23% growth in comparable store sales and the opening of 49 new stores. Adjusted EPS surged to $2.22, reflecting over 2.5x growth year-over-year. Management raised their full-year sales guidance to a range of $5.4 billion to $5.48 billion, indicating a 14% increase at the midpoint, while maintaining cautious expectations for the second half due to macroeconomic challenges.

Reported metrics

Guidance from management

Management raised their full-year sales guidance to $5.4 billion to $5.48 billion, reflecting a 14% increase at the midpoint. They maintained their cautious outlook for the second half of the year, expecting comparable sales growth between 6% and 8%.

What management said

Trading cards are a great business driver for us, and we were really happy with the results of our National Pokemon Day. And we are definitely looking at further opportunities to chase Pokemon but other trading cards. That is actually one of the trends that has a more enduring effect. And what I'm also seeing is that we're just looking at what does that mean beyond just the trading cards and looking at the impact of ...

And I would say the last thing is just price and the role of price because I think Dan mentioned this, but pricing impacts a little bit of Q2, but then we will have anniversaried it for the second half of Q2.

What analysts pressed on

Analysts expressed concerns about the sustainability of customer traffic and whether the strong Q1 results could be maintained in the face of macroeconomic challenges. There was also inquiry regarding the impact of recent trends on future sales performance.

Main topics on the call

• Strong Revenue Growth — Five Below achieved nearly 33% sales growth to $1.3 billion, driven by a 23% increase in comparable store sales and the opening of 49 new stores. CEO Winnie Park stated, "Our first quarter results are a testament to thei...
• Increased Customer Engagement — The company reported a 19% increase in transactions, indicating strong customer engagement. Park noted, "We continue to see the customer reacting favorably to our strategy and the changes we made to our operating model."
• Marketing Strategy Shift — Management highlighted a successful shift to a social-first marketing strategy, which has improved customer engagement. Park mentioned, "We are now able to actively engage with our customers through social media, direct ...
• Cautious Outlook for H2 2026 — Despite strong Q1 results, management expressed caution regarding the macroeconomic environment. CFO Dan Sullivan stated, "We remain cautious with respect to the macro environment, consumer sentiment and buying behaviors...

Read the full Five Below, Inc. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 35 Five Below, Inc. earnings call transcripts on record, spanning January 13, 2020 to June 3, 2026. Based on this history, Five Below, Inc. reports quarterly. The most recent call on file is dated June 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FIVE

Exchange

NasdaqGS

Country

US

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

35

First call

January 13, 2020

Most recent

June 3, 2026

Reporting cadence

quarterly