Five Below Reports Strong Sales Growth and Plans 150 Store Openings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 20 2026
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Should l Buy FIVE?
Source: NASDAQ.COM
- Significant Sales Growth: Five Below's sales surged to $1.73 billion in fiscal Q4 2023, reflecting a 24.3% increase, demonstrating the strong appeal of its low-priced merchandise amid rising economic pressures on consumers.
- Store Expansion Plans: Management plans to open an additional 150 stores by 2026, projecting sales to reach approximately $5.25 billion in fiscal 2026, up from $4.76 billion in 2025, further solidifying its market position.
- Improved Profitability: Adjusted net income rose 24.5% to $239.6 million, with earnings per share at $4.31, surpassing Wall Street expectations, indicating success in cost control and sales growth strategies.
- Optimistic Future Outlook: Management anticipates full-year earnings per share to rise to between $7.74 and $8.25 in 2026, reflecting confidence in sustainable sales growth and long-term shareholder value through ongoing expansion and enhanced customer value propositions.
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Analyst Views on FIVE
Wall Street analysts forecast FIVE stock price to fall
19 Analyst Rating
11 Buy
7 Hold
1 Sell
Moderate Buy
Current: 221.720
Low
132.00
Averages
193.47
High
242.00
Current: 221.720
Low
132.00
Averages
193.47
High
242.00
About FIVE
Five Below, Inc. is a specialty value retailer offering merchandise targeted at the tween and teen demographics. Its assortment of products, including select brands and licensed merchandise. It is engaged in offering a group of products, including leisure, fashion and home, and snacks and seasonal. Leisure includes items such as sporting goods, games, toys, tech, books, electronic accessories, arts and crafts, and party. Fashion and home include items, such as personal accessories, attitude t-shirts, beauty offerings, home goods and storage options. Snack and seasonal include items, such as seasonal goods, greeting cards, candy and other snacks, and beverages. It also offers its merchandise on the Internet, through its fivebelow.com e-commerce Website, offering home delivery and the option to buy online and pick up in store. It also sells its merchandise through on-demand third-party delivery services to enable its customers to shop online and receive convenient delivery.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Increased Market Attention: Google Trends data indicates a 100% year-over-year increase in searches for Five Below, suggesting accelerating consumer interest in the brand and the new toy, enhancing market awareness.
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- Five Below's Continued Expansion: Five Below achieved a remarkable 15.4% increase in same-store sales for the fiscal fourth quarter ending January 31, with expectations for 3% to 5% growth in 2026, while planning to add 227 and 150 stores in 2024 and 2025 respectively, indicating strong market demand and expansion potential.
- Investment Opportunities Arise: Despite facing short-term challenges, Ross Stores and Five Below's stock prices are currently 4.9% and 8.2% below their 52-week highs, respectively, presenting potential buying opportunities for long-term investors and encouraging patient growth investors to take a closer look at these stocks.
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- Ongoing Expansion Plans: The company ended the year with 1,904 stores across 44 states, an increase of 73 stores from the previous year, while also adding 8 dd's stores, indicating its potential for market expansion and confidence in future growth.
- Strong Performance for Five Below: Five Below achieved a remarkable 15.4% increase in same-store sales for the fiscal fourth quarter, with guidance for 3% to 5% growth in 2026, reflecting its appeal in the teen market and sustained consumer demand.
- Store Expansion Strategy: Five Below plans to open 227 and 150 new stores in 2024 and 2025 respectively, aiming for a total of 3,500 stores, showcasing its proactive response to market demand and long-term growth strategy.
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