Five Below reported second-quarter fiscal 2026 net sales of $1.26 billion, increasing 22.9% from $1.03 billion in the prior-year quarter.
Comparable sales increased 14.1%, while the retailer opened 52 net new stores and ended the quarter with 2,022 stores across 46 states, representing year-over-year unit growth of 8.8%.
Operating income increased to $275.4 million from $52.4 million, while adjusted operating income increased to $113.2 million from $55.1 million.
Net income increased to $221.4 million from $42.8 million. GAAP diluted EPS reached $3.99, compared with $0.77 a year earlier, while adjusted diluted EPS increased to $1.68 from $0.81.
For the first half of fiscal 2026, Five Below opened 101 net new stores and generated $2.55 billion in sales.
The company raised its fiscal 2026 outlook and now expects net sales of $5.63 billion to $5.71 billion, compared with previous guidance of $5.40 billion to $5.48 billion.
Comparable sales are now expected to increase 10% to 12%, up from the previous 6% to 8% forecast.
Adjusted diluted EPS is expected to reach $9.83 to $10.31, up from the previous outlook of $8.65 to $9.05. Five Below continues to expect approximately 150 net new stores during the year.
KEY QUOTE:
“We are thrilled with our second quarter performance and the continued momentum of our customer-centric strategy. Our Crew delivered strong results by collaborating on trend-right product stories at amazing value in stores that are fun and easy to shop. We remain maniacally focused on delivering our brand promise to be THE destination for the KID and the KID in all of us.”
“Just as importantly, our Crew continues to drive new store growth at a higher level of executional excellence to bring Five Below to new communities. The balance between new store growth and double-digit comparable sales growth for the past five quarters is a testament to our operating flywheel gaining momentum. With a strong first half behind us and significant opportunities ahead, we are raising our full year outlook and look forward to delivering special curtain up moments for our customers through the holiday season and beyond.”
Winnie Park, CEO of Five Below
