How did Five Below (NASDAQ:FIVE) perform in Q1 FY26?

Five Below reported net sales of $1.29 billion, up 32.5% year-over-year, with comparable store sales increasing 22.7%. Operating income reached $154.2 million, and GAAP net income totaled $123.1 million, reflecting strong top-line and profitability growth.

What were Five Below’s earnings per share in Q1 FY26?

The company posted GAAP diluted EPS of $2.21 and adjusted diluted EPS of $2.22, highlighting consistent profitability even after adjusting for one-time items.

How many new stores did Five Below open in Q1 FY26?

Five Below added 49 net new stores during the quarter, bringing the total store count to 1,970, a 7.9% increase year-over-year, supporting its long-term expansion strategy.

What is driving Five Below’s growth?

The growth is fueled by high demand across its discount retail categories, strong comparable store performance, and ongoing physical expansion into new markets.

How did Five Below update its full-year FY26 guidance?

Management now expects net sales between $5.40 billion and $5.48 billion, with GAAP diluted EPS projected at $8.62 to $9.02, reflecting confidence after a strong Q1 performance.

Image for illustrative purposes only. Not a real photo.

Five below raises full-year outlook after 32% sales surge in Q1

Written by Brie CarterPublished Jun. 3 2026Last Updated Jun. 3 2026

Five Below (NASDAQ:FIVE) reported robust financial results for the first quarter of fiscal 2026, characterized by high double-digit growth in both top-line revenue and comparable store sales.

The company achieved net sales of $1.29 billion, marking a 32.5% increase compared to the same period last year, while comparable sales climbed by 22.7%.

Profitability metrics remained strong throughout the quarter, with operating income reaching $154.2 million and net income totaling $123.1 million.

On a per-share basis, the company reported GAAP diluted earnings per share (EPS) of $2.21, with adjusted diluted EPS coming in at $2.22.

The company’s expansion strategy continues to gain momentum, with the addition of 49 net new stores during the quarter.

This growth brings the total store count to 1,970, representing a 7.9% increase year-over-year as Five Below moves closer to its long-term store targets.

Following the strong quarterly performance, management raised its outlook for the full fiscal year 2026.

The company now projects net sales in the range of $5.40 billion to $5.48 billion.

Additionally, Five Below updated its earnings guidance, projecting GAAP diluted EPS to fall between $8.62 and $9.02 for the full year.