Five Below Holiday Comparable Store Sales Soft

Comparable store sales at Five Below during the holiday shopping season were down more than 3% as company-wide sales covering a two month period beginning November 3 increased. 

Net sales were up 8.7% to $1.19 billion with same-store sales down 3.2%. Company officials said the results were inline with previously announced plans.

“The increased focus on product, value, and store experience to better engage our customers is underway,” said Tom Vellios, executive chairman and co-founder of Five Below. “We are encouraged by early customer response to these investments, and we look forward to continuing to make progress in 2025. Based on our holiday results and forecast for January, we now expect to deliver fourth quarter sales in the upper half of our guidance range and are reiterating our EPS outlook."

For its fourth quarter, the company is now anticipating net sales of between $1.35 billion and $1.38 billion with comparable store sales forecast to be done between 3% and 5%. Diluted income per common share is expected to be between $3.15 to $3.33.

For the full fiscal year, Five Below expects sales of between $3.84 billion and $3.87 billion, with comparable store sales to be down 3%, and diluted income per common share of $4.34 to $4.52.