The massive beat and raised guidance confirm strong execution and demand acceleration. With comparable sales surging 22.7% and full-year guidance raised meaningfully, the stock should gap up significantly. Watch for tariff developments after July 24 — if tariffs revert as assumed, upside to guidance is likely. The 67% analyst bullish rating pre-release will likely increase.
Price Chart
Executive Summary
Five Below reported a massive Q1 2026 earnings beat with GAAP diluted EPS of $2.21 (vs. consensus $1.78, +24.2% surprise) and revenue of $1.286B (+32.5% YoY, +4.5% above $1.23B consensus). Comparable sales surged 22.7%. The company raised full-year 2026 guidance: EPS now $8.62-$9.02 (vs. prior $7.60-$8.00) and revenue $5.40B-$5.48B (vs. prior ~$5.0B). This is a strong beat with raised guidance, signaling accelerating momentum despite tariff uncertainty.
Key Financial Metrics
Key Facts
- Q1 GAAP diluted EPS $2.21 vs. consensus $1.78 (+24.2% beat)
- Q1 revenue $1.286B vs. consensus $1.23B (+4.5% beat), +32.5% YoY
- Comparable sales +22.7% vs. +7-9% guided for Q2
- Full-year FY2026 EPS guidance raised to $8.62-$9.02 from prior $7.60-$8.00
- Full-year FY2026 revenue guidance raised to $5.40B-$5.48B from prior ~$5.0B
- Operating income $154.2M vs. $50.8M YoY (+203%)
- Net income $123.1M vs. $41.1M YoY (+199%)
- Opened 49 net new stores in Q1, ending at 1,970 stores (+7.9% YoY)
- Guidance assumes tariffs revert to start-of-year rates after July 24, 2026
- No share repurchases assumed in guidance
Financial Impact
EPS beat by $0.43 (+24.2%), revenue beat by ~$56M (+4.5%). Full-year EPS guidance raised by ~$1.02 at midpoint (+13%). Comparable sales growth of 22.7% far exceeds the 6-8% full-year guide.
Risk Factors
- Tariff escalation after July 24, 2026 could pressure margins if rates do not revert as assumed
- Consumer discretionary spending slowdown could impact the 6-8% comparable sales guide
- Guidance excludes share repurchases — any buyback program could add further EPS upside but is not guaranteed
- Store growth of ~150 net new stores in FY2026 requires continued real estate execution
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3306375 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 144 | $236.07 $232.28 | ▼ −1.61% | ▼ −3.72% | $221.19 (−6.30%) |
Sep 11, 2026 21d ago | Insider Cluster | $249.59 $236.14 | ▲ +5.39% | ▲ +5.50% | $221.19 (+11.38%) |
Sep 11, 2026 21d ago | Insider Cluster | $249.59 $236.14 | ▼ −5.39% | ▼ −5.50% | $221.19 (−11.38%) |
Sep 9, 2026 22d ago | Insider Cluster | $241.28 $236.80 | ▼ −1.86% | ▼ −1.36% | $221.19 (−8.33%) |
Sep 9, 2026 22d ago | Insider Cluster | $241.28 $236.80 | ▼ −1.86% | ▼ −1.36% | $221.19 (−8.33%) |
Sep 2, 2026 4w ago | Press Release | $239.96 $244.60 | ▲ +1.93% | ▲ +3.08% | $221.19 (−7.82%) |
Aug 19, 2026 6w ago | Press Release | $236.31 $246.98 | ▲ +4.52% | ▲ +3.40% | $221.19 (−6.40%) |
Jun 11, 2026 16w ago | Institutional Cluster | $201.97 $191.26 | ▼ −5.30% | ▼ −5.74% | $221.19 (+9.52%) |
Jun 3, 2026 17w ago | 8-K | $191.92 $201.97 | ▲ +5.24% | ▲ +7.79% | $221.19 (+15.25%) |
Jun 3, 2026 17w ago | Press Release | $191.92 $201.97 | ▲ +5.24% | ▲ +7.79% | $221.19 (+15.25%) |
US Market Status
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