FIVE Five Below (FIVE) Q1 FY27 earnings call
Five Below's strategy overhaul — social-first marketing, assortment merchandising, simplified pricing and abolishing the Five Beyond section — is compounding into durable, traffic-led growth rather than a single-trend spike, and management raised its full-year outlook on Q1 strength. Yet it deliberately held the second-half comp assumption flat, bracing for a tougher consumer as tax-refund tailwinds fade, pricing actions fully lap, and it cycles steep prior-year comps.
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FIVE operating KPIs by quarter
| KPI | Jan 2026 Q4 FY26 | This call Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|
| New stores opened | 14In the fourth quarter, we opened 14 net new stores across 8 states compared to 22 net new stores in the fourth quarter last year.Source: earnings call transcript | 49For the first quarter, we are reporting results that exceeded our expectations with sales growth of nearly 33% to $1.3 billion, driven by 23% comp growth and strong new store performance, including 49 net new stores that opened during the quarter.Source: earnings call transcript | 52we opened 52 net new stores across 26 states, including 4 stores that made our all-time spring and summer grand opening list.Source: earnings call transcript | +6.1% |
| Stores | 1,921In 2025, we grew our store count by 8.5% and ended the year with 1,921 stores in 46 states, including the 2 new states of Oregon and Washington.Source: earnings call transcript | 1,970We grew our store count by 8% year-over-year and ended the quarter with 1,970 stores.Source: earnings call transcript | 2,022We opened 52 net new stores compared to 32 net new stores in the second quarter last year, ending the quarter with 2022 stores.Source: earnings call transcript | +2.6% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.