Five Below, Inc. · FIVE · FY2025 Q4 · Calendar Q1 2026

Five Below: Growth Plan Meets Tariff and Demand Risks

Five Below's latest analysis supports a constructive growth case based on store expansion, social-led demand creation, broader price points, and omnichannel investment, but the thesis depends on sustained comparable sales and disciplined execution amid tariff and consumer risks.

Reported After market closeNASDAQConsumer Cyclical $12.23B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $4.31 Consensus $4.00
EPS surprise +7.7% Reported versus consensus
Reported revenue $1.73B Consensus $1.71B
Revenue surprise +1.0% Reported versus consensus

Market reaction

event-close to next-session close
Stock move +10.7% Event window
SPY move -0.2% Same window
Abnormal move +10.9% Stock minus SPY
Volume 4.3× Versus trailing sessions
Subsequent drift +0.5% Up to 20 sessions
FIVESPY benchmark

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Transcript intelligence

What changed

The latest call shifted the focus from FY2025 delivery to FY2026 growth: management outlined further store, technology, digital, and assortment investment while acknowledging tariff, margin, capital-spending, and demand uncertainties.

Guidance delta

Management raised guidance and paired a confident growth outlook with continued tariff and consumer-demand uncertainty.

Key takeaways

  • Management described strong FY2025 execution and continued expansion across stores, assortment, pricing, and digital channels.
  • The strategy increasingly relies on social and creator-led marketing, viral products, and broader price tiers.
  • Management emphasized technology, distribution, digital commerce, CRM, and disciplined capital allocation.
  • The central test is whether growth and margin progress can persist as tariffs, investment, and macro risks remain.

Management priorities

  • Expand the store base while focusing on location quality and new formats
  • Invest in technology, distribution, digital commerce, and customer data
  • Deepen social and creator-led marketing and broaden licensed assortments
  • Maintain disciplined capital allocation and improve omnichannel execution

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Earnings History

Estimate Beat Miss Match
FIVE REVENUE earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q3 '24 estimate $1B Q3 '24 actual $736M, miss Q4 '24 estimate $1B Q4 '24 actual $1B, miss Q1 '25 estimate $834M Q1 '25 actual $812M, miss Q2 '25 estimate $822M Q2 '25 actual $830M, beat Q1 '26 estimate $967M Q1 '26 actual $971M, beat Q2 '26 estimate $995M Q2 '26 actual $1B, beat Q3 '26 estimate $981M Q3 '26 actual $1B, beat Q4 '26 estimate $2B Q4 '26 actual $2B, beat Q1 '27 estimate $1B Q1 '27 actual $1B, beat Q2 '27 estimate $1B Q3 '27 estimate $1B Q4 '27 estimate $2B Q1 '28 estimate $1B
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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

$221.17Previous close
$89Low
$243.76Average
$420High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 2, 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 previous close $221.17. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Evercore ISIAnalyst unavailable$250$228 +13.0%Sep 29, 2026
Goldman SachsKate McShane$306$222.38 +38.4%Sep 25, 2026
Craig-HallumAnalyst unavailable$325$244.25 +46.9%Sep 3, 2026
Truist FinancialAnalyst unavailable$297$241.65 +34.3%Sep 3, 2026
JefferiesAnalyst unavailable$420$241.86 +89.9%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

All FIVE earnings

Consumer Cyclical peers this season

Latest reports in the same sector

Latest beats and misses

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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 · 2026-10-02T09:46:11.836405+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-02T09:46:11.834098+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 2026-10-02. For educational purposes only; not investment advice.