Five Below raises full-year outlook after strong second-quarter sales growth

Five Below has raised its full-year sales and adjusted earnings outlook, citing strong customer demand and continued store expansion as the catalysts. The discount retailer now anticipates fiscal 2026 net sales of $5.63 billion to $5.71 billion, up from its previous forecast of $5.40 billion to $5.48 billion. Adjusted net income is expected to range from $546 million to $572 million, with adjusted diluted earnings per share now forecasted at $9.83 to $10.31, compared to the previous range of $8.65 to $9.05.

This upgraded outlook follows a strong second quarter, where Five Below reported a 22.9% increase in net sales and a 14.1% rise in comparable sales, marking its fifth consecutive quarter of double-digit comparable sales growth. The company is also expanding its store base rapidly, having authorized a new $600 million share repurchase program.

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