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Aug 02
Five Below Q2 2025 Earnings Report
Five Below reported strong Q2 results with double-digit sales growth and margin expansion
Key Takeaways
Five Below exceeded expectations in Q2 2025 with a 23.7% increase in net sales and significant improvement in comparable sales, while expanding store count and delivering higher profitability.
Net sales rose 23.7% year-over-year to over $1 billion
Comparable store sales increased 12.4%
Adjusted EPS reached $0.81, up from $0.54 last year
The company opened 32 net new stores, ending the quarter with 1,858 total
Five Below
Five Below
Five Below Revenue by Geographic Location
Revenue by Geographic Location
U.S. Revenue
CapyFin.com Forward Guidance
Five Below raised its full-year 2025 guidance on both revenue and EPS, expecting strong holiday season performance despite ongoing tariff pressures.
Positive Outlook
- Full-year sales guidance raised to $4.44B–$4.52B
- Adjusted full-year EPS expected in the $4.76–$5.16 range
- Q3 sales forecasted at $950M–$970M
- Q3 comparable sales expected to grow 5–7%
- Expecting 150 net new stores for FY25
Challenges Ahead
- Tariffs remain a headwind in the outlook
- Q3 EPS range of $0.09–$0.21 indicates margin pressure
- Cost-optimization expenses impacted YTD results
- Non-recurring lease costs included in adjustments
- Inventory write-offs noted in non-GAAP reconciliation