Five Below, Inc. released its financial results for the third quarter of fiscal 2025, showcasing impressive growth in net sales and comparable sales.
Net sales increased by 23.1% to $1.0 billion, with comparable sales rising by 14.3% over the previous year.
The company reported positive operating income, net income, and earnings per share compared to the third quarter of fiscal 2024.
Sales Growth
Net sales increased by 23.1% to $1.0 billion, showing strong revenue growth for the company.
Comparable Sales
Notable 14.3% growth in comparable sales was reported for the third quarter, indicating consumer interest in Five Below's products.
Earnings Per Share
Diluted earnings per share reached $0.66, an improvement from $0.03 in the same period last year.
Store Expansion
Five Below opened 49 net new stores, bringing the total to 1,907 stores in 44 states, demonstrating continued expansion efforts.
Guidance Update
The company raised its guidance for fiscal 2025 based on strong third-quarter results and outlook for the upcoming fourth quarter.
- The strong third-quarter results reflect the success of Five Below's customer-centric strategy and effective execution by its team.
- The company's ability to deliver trend-right merchandise, connect with customers through marketing, and create engaging shopping experiences has contributed to its growth.
Five Below's robust performance in the third quarter and year-to-date period showcases its resilience and growth trajectory in a competitive market.