Five Below, Inc. · FIVE · FY2025 Q2 · Calendar Q3 2025

Five Below raises full-year outlook after strong Q2 growth

The current quarter strengthens the case that Five Below can extend growth through store expansion, transaction gains, differentiated products and marketing. The counterevidence is that tariff costs, inventory intensity and holiday execution could constrain margins and cash conversion; the next test is whether growth remains transaction-led while those pressures are managed.

Reported After market closeNASDAQConsumer Cyclical $11.87B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.81 Consensus $0.62
EPS surprise +30.0% Reported versus consensus
Reported revenue $1.03B Consensus $995.0M
Revenue surprise +3.2% Reported versus consensus

Market reaction

event-close to next-session close
Stock move +3.9% Event window
SPY move +0.4% Same window
Abnormal move +3.5% Stock minus SPY
Volume 3.6× Versus trailing sessions
Subsequent drift +3.2% Up to 20 sessions
FIVESPY benchmark

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Transcript intelligence

What changed

Compared with the prior-quarter analysis, the current quarter showed stronger reported momentum, a further raised full-year outlook, greater emphasis on pricing simplification and licensing, and a more explicit inventory build to buffer tariff volatility. Management also broadened the expansion plan toward 150 net new stores and a Pacific Northwest entry.

Guidance delta

Management raised full-year sales and operating-margin guidance while leaving fourth-quarter guidance unchanged.

Key takeaways

  • Sales growth exceeded expectations, supported by new-store productivity and higher transactions.
  • Management highlighted whole-price-point pricing, licensed products and creator-led marketing as growth levers.
  • Inventory was brought forward to mitigate tariff volatility, but the buildup adds cash-flow and shrink considerations.
  • The company plans continued store expansion, including entry into the Pacific Northwest.

Management priorities

  • Expand the store base, including a target of 150 net new stores for the year.
  • Prioritize fewer, bigger, better assortments through further SKU rationalization.
  • Continue licensing, exclusive collaborations and creator-led marketing.
  • Diversify sourcing and accelerate receipts to reduce tariff-related volatility.

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Earnings History

Estimate Beat Miss Match
FIVE EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q3 '24 estimate $0.24 Q3 '24 actual $0.26, beat Q4 '24 estimate $3.78 Q4 '24 actual $3.65, miss Q1 '25 estimate $0.63 Q1 '25 actual $0.60, miss Q2 '25 estimate $0.54 Q2 '25 actual $0.54, match Q1 '26 estimate $0.83 Q1 '26 actual $0.86, beat Q2 '26 estimate $0.62 Q2 '26 actual $0.81, beat Q3 '26 estimate $0.25 Q3 '26 actual $0.68, beat Q4 '26 estimate $4.00 Q4 '26 actual $4.31, beat Q1 '27 estimate $1.77 Q1 '27 actual $2.22, beat Q2 '27 estimate $1.36 Q3 '27 estimate $1.13 Q4 '27 estimate $5.21 Q1 '28 estimate $2.05
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Analyst Consensus ?

ConsensusBuy48 ratings
Bullish3062.5%
Neutral1837.5%
Bearish00.0%

1 unmapped firm rating excluded from the percentages.

Analyst 52W Price Targets

$214.73Current
$89Low
$243.76Average
$420High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Evercore ISI Group In Line In LineMaintainSep 29, 2026
Goldman Sachs Buy BuyMaintainSep 4, 2026
Wells Fargo Overweight OverweightMaintainSep 3, 2026
UBS Buy BuyMaintainSep 3, 2026
Truist Securities Buy BuyMaintainSep 3, 2026
Show 44 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $214.73. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Evercore ISIAnalyst unavailable$250$228 +16.4%Sep 29, 2026
Goldman SachsKate McShane$306$222.38 +42.5%Sep 25, 2026
Craig-HallumAnalyst unavailable$325$244.25 +51.4%Sep 3, 2026
Truist FinancialAnalyst unavailable$297$241.65 +38.3%Sep 3, 2026
JefferiesAnalyst unavailable$420$241.86 +95.6%Sep 3, 2026
See 129 more

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Company context

Snapshot as of publication

Five Below, Inc. operates as a prominent specialty discount retailer primarily serving the United States market. The company's diverse inventory spans a wide array of personal accessories, from fashionable novelty socks, sunglasses, and jewelry to scarves, gloves, hair accessories, and athletic apparel like tops, bottoms, and t-shirts. Shoppers can also find a comprehensive selection of beauty products, including nail polish, lip gloss, fragrances, and various branded cosmetics. For home and personal spaces, Five Below provides an assortment of items such as lamps, posters, picture frames, cozy fleece blankets, plush toys, pillows, candles, incense, and diverse lighting and novelty décor. This section also includes accent furniture and practical storage solutions. Athletic and recreational interests are covered with sports balls, team merchandise, and fitness essentials like hand weights, jump ropes, and gym balls.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-10-11T04:00:41.948607+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T04:00:41.945882+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-11. For educational purposes only; not investment advice.