FIVE BELOW, INC SEC 10-Q Report

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2025.12.04 19:53
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Five Below, Inc. released its Q3 fiscal 2025 10-Q report, showing strong financial growth. Net sales rose 23.1% to $1,038.3 million, driven by a 14.3% increase in comparable sales and new store openings. Gross profit increased 36.2% to $351.4 million, with a gross margin of 33.8%. Operating income reached $43.3 million, and net income surged to $36.5 million. The company plans to open 150 new stores in fiscal 2025, enhancing e-commerce and delivery services, and anticipates continued sales growth.

Five Below, Inc., a leading high-growth value retailer offering trend-right, high-quality products loved by tweens, teens, and beyond, has released its Form 10-Q report for the third quarter of fiscal 2025. The report highlights significant improvements in both financial and operational metrics, underscoring the company's robust growth trajectory and strategic initiatives.

Financial Highlights

  • Net Sales: $1,038.3 million, increased by 23.1% from the prior year period due to a 14.3% increase in comparable sales and contributions from new store openings.
  • Gross Profit: $351.4 million, increased by 36.2% from the prior year period, with gross margin improving to 33.8% from 30.6%, driven by lower merchandise cost of goods sold and reduced inventory shrinkage.
  • Operating Income: $43.3 million, compared to an operating loss of $0.6 million in the prior year period, reflecting improved sales and cost management.
  • Net Income: $36.5 million, a significant increase from $1.7 million in the prior year period, primarily due to higher sales and improved gross margins.
  • Basic Income Per Common Share: $0.66, compared to $0.03 in the prior year period, reflecting the increase in net income.
  • Diluted Income Per Common Share: $0.66, compared to $0.03 in the prior year period, indicating improved profitability.

Business Highlights

  • Revenue Segments: The company reported a breakdown of revenue by product lines, with Leisure accounting for 43.0% of net sales, Fashion and Home contributing 32.0%, and Snack and Seasonal making up 25.0% for the thirteen weeks ended November 1, 2025.
  • Comparable Sales Performance: Comparable sales increased by 14.3% for the thirteen weeks ended November 1, 2025, driven by a 7.2% increase in the number of transactions and a 6.7% increase in the average dollar value of transactions.
  • Store Expansion: The company operated 1,907 stores as of November 1, 2025, up from 1,749 stores as of November 2, 2024, reflecting the company's ongoing expansion strategy.
  • E-commerce and Delivery Services: The company continues to enhance its e-commerce platform, offering home delivery and buy online, pick up in store options, as well as utilizing third-party delivery services to improve customer convenience.
  • New Store Openings: The company plans to open approximately 150 net new stores in fiscal 2025, with a significant portion of capital expenditures allocated to these new openings.
  • Operational Efficiency: The company reported a decrease in store occupancy costs as a percentage of net sales, contributing to an improved gross margin for the reporting period.
  • Future Outlook: The company anticipates continued growth in net sales driven by new store openings and increased comparable sales, supported by strategic investments in infrastructure and e-commerce capabilities.

SEC Filing: FIVE BELOW, INC [ FIVE ] - 10-Q - Dec. 04, 2025

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