Five Below (NASDAQ:FIVE) Releases FY 2026 Earnings Guidance

Five Below (NASDAQ:FIVE) updated its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 9.830-10.310 for the period, compared to the consensus estimate of 6.690. The company issued revenue guidance of $5.6 billion-$5.7 billion, compared to the consensus revenue estimate of $4.9 billion. Five Below also updated its Q3 2026 guidance to 1.010-1.130 EPS.

Five Below Stock Down 0.8%

Shares of FIVE opened at $243.08 on Thursday. Five Below has a twelve month low of $137.77 and a twelve month high of $263.88. The stock has a market cap of $13.44 billion, a PE ratio of 30.69, a P/E/G ratio of 1.27 and a beta of 0.99. The business’s 50-day moving average price is $215.71 and its 200-day moving average price is $217.34.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, September 2nd. The specialty retailer reported $1.68 EPS for the quarter, beating the consensus estimate of $1.40 by $0.28. Five Below had a net margin of 8.67% and a return on equity of 21.31%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned $0.81 earnings per share. Five Below’s revenue for the quarter was up 22.9% on a year-over-year basis. Five Below has set its Q3 2026 guidance at 1.010-1.130 EPS and its FY 2026 guidance at 9.830-10.310 EPS. Analysts expect that Five Below will post 9.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FIVE has been the subject of a number of research analyst reports. Sanford C. Bernstein upgraded Five Below from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $247.00 to $250.00 in a research report on Tuesday, July 21st. Oppenheimer assumed coverage on shares of Five Below in a research note on Thursday, August 13th. They issued an “outperform” rating on the stock. Truist Financial lifted their target price on shares of Five Below from $265.00 to $273.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. KeyCorp reissued a “sector weight” rating on shares of Five Below in a research note on Thursday, June 4th. Finally, Wall Street Zen raised shares of Five Below from a “hold” rating to a “buy” rating in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Five Below presently has a consensus rating of “Moderate Buy” and an average price target of $267.45.

Key Headlines Impacting Five Below

Here are the key news stories impacting Five Below this week:

• Positive Sentiment: Results exceeded expectations. Fiscal Q2 adjusted EPS was $1.68 versus the $1.40 consensus estimate, while revenue rose 22.9% year over year to $1.26 billion, ahead of the $1.22 billion forecast. Comparable sales increased 14.1%, signaling strong customer traffic and merchandising momentum. Five Below Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its full-year outlook. Five Below now expects fiscal 2026 sales of approximately $5.63 billion to $5.71 billion, up from its prior $5.40 billion-$5.48 billion forecast, and issued third-quarter adjusted EPS guidance of $1.01-$1.13, above the $0.86 consensus. Full-year adjusted EPS guidance was set at $9.83-$10.31. Five Below Fiscal 2026 Outlook
• Positive Sentiment: Share repurchase authorization supports the stock. The company announced a new $600 million buyback plan, which could reduce shares outstanding and provide additional earnings-per-share support. Five Below also opened 52 net new stores during the quarter, ending with 2,022 locations. Five Below Unveils Share Repurchase Plan
• Positive Sentiment: Analyst sentiment strengthened. William Blair reaffirmed a Buy rating with long-term upside toward $300, while Bank of America reiterated Buy and raised its price target to $340, citing sustained comparable-sales growth and potential margin upside. Bank of America Raises Five Below Price Target
• Neutral Sentiment: Investor positioning is mixed. Some institutional investors increased holdings while others reduced positions, creating no clear fund-flow signal.
• Negative Sentiment: Insider selling and valuation may limit gains. Several insiders sold shares over the past six months, and the stock trades at roughly 31 times earnings, leaving limited room for disappointment after its strong run.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FIVE. AQR Capital Management LLC grew its position in Five Below by 176.0% during the 4th quarter. AQR Capital Management LLC now owns 1,168,832 shares of the specialty retailer’s stock worth $220,161,000 after acquiring an additional 745,272 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Five Below by 54.6% during the fourth quarter. Marshall Wace LLP now owns 1,785,169 shares of the specialty retailer’s stock valued at $336,254,000 after acquiring an additional 630,710 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Five Below during the fourth quarter valued at approximately $100,884,000. Wellington Management Group LLP lifted its stake in Five Below by 149.0% in the third quarter. Wellington Management Group LLP now owns 848,105 shares of the specialty retailer’s stock worth $131,202,000 after acquiring an additional 507,487 shares during the period. Finally, Invesco Ltd. boosted its holdings in Five Below by 108.0% in the fourth quarter. Invesco Ltd. now owns 886,154 shares of the specialty retailer’s stock valued at $166,916,000 after acquiring an additional 460,112 shares in the last quarter.

Five Below Company Profile

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.