Five Below(US:FIVE) Globenewswireยท2025-06-04 20:01Core Insights - Five Below, Inc. reported a 19.5% increase in net sales to $970.5 million for Q1 2025, with comparable sales rising by 7.1% [1][8] - The company announced a GAAP diluted EPS of $0.75 and an adjusted diluted EPS of $0.86 for the same quarter [1][8] - Five Below raised its full-year 2025 sales guidance and increased the low end of its EPS guidance range [1][8] - A transition in the CFO position was announced, with the COO taking on the interim role [5][6] Financial Performance - Net sales for Q1 2025 were $970.5 million, up from $811.9 million in Q1 2024 [8] - Operating income increased to $50.8 million from $36.2 million year-over-year [8] - Adjusted operating income rose to $59.6 million compared to $38.1 million in Q1 2024 [8] - Net income for the quarter was $41.1 million, up from $31.5 million in the prior year [8] - Adjusted net income was $47.5 million, compared to $33.0 million in Q1 2024 [8] Store Expansion - Five Below opened 55 new stores, bringing the total to 1,826 stores across 44 states, representing a 13.8% increase in store count from the previous year [8] Guidance and Outlook - For Q2 2025, the company expects net sales between $975 million and $995 million, with comparable sales projected to increase by 7% to 9% [12] - Full-year 2025 net sales are anticipated to be in the range of $4.33 billion to $4.42 billion, with a comparable sales increase of 3% to 5% [12]