Five Below reported second-quarter fiscal 2026 results that beat the Zacks Consensus Estimate on both the top and bottom lines and raised its full-year outlook. Adjusted earnings per share came in at $1.68, topping the Zacks Consensus Estimate of $1.34 and surging 107.4% from 81 cents a year earlier, while net sales rose 22.9% year over year to $1,261.5 million from $1,026.8 million and exceeded the Zacks Consensus Estimate of $1,192 million. Comparable sales climbed 14.1%, the fifth consecutive quarter of double-digit growth, with two-year stacked comp growth of 26.5%, and adjusted gross margin expanded approximately 220 basis points to 35.6%. The company opened 52 net new stores in the quarter, ending with 2,022 stores across 46 states, and its board authorized a new $600 million share repurchase program on Aug. 29, replacing the remaining capacity under the prior authorization. For fiscal 2026, management raised its sales outlook to $5.63 billion to $5.71 billion from $5.40 billion to $5.48 billion, lifted its comps forecast to 10-12% from 6-8%, and now projects adjusted EPS of $9.83 to $10.31 versus the previous range of $8.65 to $9.05. Shares of Five Below have lost about 7.8% since the last earnings report, underperforming the S&P 500.
Five Below IncQ2 EPS of $1.68 beat estimates and surged 107.4% YoY, with raised FY2026 EPS outlook and a new $600M buyback authorization.
