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May 03
Five Below Q1 2025 Earnings Report
Reported strong revenue and EPS growth in Q1 2025, driven by broad-based merchandising strength and new store openings.
Key Takeaways
Five Below delivered solid Q1 performance with double-digit revenue growth and an increase in net income. Comparable sales rose and store expansion continued aggressively. The company also raised full-year guidance despite ongoing macro uncertainties.
Revenue grew 19.5% to $970,527,000 driven by store openings and higher traffic.
Net income rose to $41,148,000 and GAAP EPS reached $0.75.
Comparable store sales increased 7.1% in Q1.
55 new stores were opened, bringing the total to 1,826 locations.
Five Below
Five Below
Five Below Revenue by Geographic Location
Revenue by Geographic Location
U.S. Revenue
CapyFin.com Forward Guidance
Guidance for Q2 2025 includes revenue between $975M–$995M and EPS between $0.45–$0.57. Full-year guidance was raised at the low end.
Positive Outlook
- Raised full-year sales and EPS guidance ranges
- Expecting 150 new store openings in FY25
- Strong comparable sales growth of 7%–9% projected for Q2
- Resilient customer demand despite macro uncertainty
- Operational strength cited across merchandising and store execution
Challenges Ahead
- Tariffs create continued uncertainty in global trade outlook
- CFO stepping down during fiscal year
- No EPS upside from potential share repurchases included in guidance
- Higher effective tax rate compared to prior year
- Cost pressures from ongoing cost-optimization initiatives