Five Below Q1 sales jump 32.5%, EPS beats expectations, raises full-year outlook

Five Below reported a strong first quarter for fiscal 2026 with net sales up 32.5% to $1.3 billion and comparable sales rising 22.7%. The company opened 49 new stores, reaching 1,970 locations, and saw operating income triple to $154.2 million. Diluted EPS rose to $2.21, significantly higher than last year, driven by broad customer growth and effective merchandising. The company raised its full-year sales and earnings guidance, expecting continued store expansion and sales growth despite macroeconomic uncertainties.