Five Below Inc

Five Below is a discount retailer offering trendy, low-cost products, most priced at $5 or less. It targets young shoppers, who often spend their own money, plus parents shopping for them. Stores are organized into eight product categories it calls worlds: Candy, Style, Party, Room, Create, Tech, Sports and New & Now. The mix, including brands and licensed goods, changes often to keep people coming back.

It makes money the classic retail way: sourcing goods at low cost and moving them in high volume. Most of its vendors are US-based, which speeds its response to trends. In fiscal 2025 (the year ended January 31, 2026), net sales were $4.76 billion. Gross margin, the share of sales left after the cost of goods, was 36%; after other running costs, 9.6% of sales remained as operating profit. Comparable sales at established stores and online rose 12.8%.

As of January 31, 2026, it ran 1,921 stores in 46 US states, typically in shopping centers in urban, suburban and semi-rural areas. It opened 150 net new stores in fiscal 2025, planned about 150 more the next year and believes the US can support more than 3,500. It also reaches customers through its website, app and third-party delivery services. The annual report gives no revenue split by segment, product or region.

• In Q2 FY2027 (ended Aug 1, 2026), revenue was $1.26B, up 22.9% from a year earlier, and net income was $221.4M (+417.7%).
• For fiscal 2026, revenue was $4.76B (+22.9% year over year; +19.4% a year from FY2021 to FY2026) with a 7.5% net margin.

• Over FY2022–FY2026: $220.8M in buybacks and $0.00 in dividends.
• The company pays no regular dividend.
• Shares outstanding changed -1.7% from Dec 1, 2021 to Sep 2, 2026.

Rank among 1514 US companies

Market value at each year end

Five Below’s market value went from $2.19B at the end of 2016 to $12.91B on Oct 28, 2026, about 5.9 times as much; since the end of 2025 it is up 24%.

Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 19 sales ($5.6M).

Large shareholders (13G filings)

ETFs with the most weight in FIVE

1. Growth depends on opening many more stores. Five Below aims to grow from 1,921 stores at January 31, 2026, to more than 3,500. New stores need good sites, staff and warehouse capacity, and crowding markets can pull sales from existing stores.
2. Costs can rise faster than prices. Most items are priced at $5 or less. If inflation, tariffs or shipping costs push up what Five Below pays for goods, it may not be able to raise prices enough to protect profits.
3. Misreading what young shoppers want. Five Below stocks what it calls trend-right products chosen to match fast-changing tastes. Its goods are nice-to-haves rather than necessities, so missing a trend can hurt demand and leave it with unwanted stock.
4. Heavy reliance on the holiday season. The business is seasonal and leans on the holidays. Extreme weather, common in many of its markets, tends to hit during its most profitable quarter, and a weak holiday season could hurt full-year results.
5. Relies on shopping-center foot traffic. Stores typically sit in shopping centers anchored by big retailers. If those anchor tenants close or draw fewer shoppers, Five Below's foot traffic and sales could drop, leaving it with excess inventory.
6. Theft and inventory losses. Shrinkage, the retail term for stock lost to theft, damage or record errors, cuts directly into profits and cash flow. The company also has to avoid carrying too much or too little inventory.

• Oct 14, 2026 Major agreement signed; New debt or financial obligation
• Sep 23, 2026 Executive or board change; Investor presentation or announcement
• Sep 2, 2026 Quarterly results released; Other company announcement
• Jul 22, 2026 Other company announcement
• Jun 16, 2026 Shareholder vote results
• Jun 3, 2026 Quarterly results released
• Mar 18, 2026 Quarterly results released
• Feb 9, 2026 Executive or board change
• Jan 12, 2026 Investor presentation or announcement
• Dec 3, 2025 Quarterly results released

Five Below pays no dividend, and its March 2026 annual report says it does not expect to pay one for the foreseeable future. Income investors would get returns only from the share price, and raising cash would mean trimming the holding. The company has instead repurchased its own stock: $220.8 million over the five fiscal years through January 31, 2026, though none in the final year. Shares outstanding fell 1.7% from December 2021 to September 2026.

The shares have been volatile. In the 2020 COVID crash they fell 55.8% from February 20 to March 19, 2020, then fully recovered by September 3. In the 2022 market slump they dropped 45.6% from January 3 to July 1, fully recovering by February 15, 2023. They lost 50.8% in 2024 before gaining 79.5% in 2025, and the deepest peak-to-low drop in the three years to October 28, 2026, was 74.1%. A single stock like this carries more risk than a diversified fund.