Five Below reported 14.1% comparable sales growth in the second quarter, extending its streak of double-digit comps to five consecutive quarters. The Q2 increase topped the 12.4% comp posted a year earlier, with demand spread across all customer groups and product categories, evidence that the turnaround under CEO Winnie Park, who joined in December 2024, is well underway. Management raised full-year comparable sales guidance to a midpoint of 11% and adjusted earnings per share to $10.07, a 51% year-over-year increase. Gross margins expanded by 220 basis points to 35.6%, helping drive adjusted operating income up over 100% to $113 million. The retailer recently opened its 2,000th store and is adding roughly 150 net new stores this year toward a long-term target of more than 3,500 locations, funded by a balance sheet with $1.2 billion in net cash. Management expects comparable sales growth of 9% at the midpoint in the third quarter but just 3% for the fourth quarter, as comparisons turn against a 15.4% comp from Q4 of last year and a 22.7% comp in Q1 2026.
Five Below IncFive Below raised full-year comp and EPS guidance and posted 51% YoY adjusted EPS growth with 220bp gross margin expansion.
NVIDIA Corporation