The 183% EPS beat and upward guidance revision are likely to drive a sharp gap-up in FIVE shares. However, note that ~$2.33/share of the GAAP beat came from non-recurring IEEPA tariff refunds — watch the analyst call for clarity on underlying core comp and sustainability of 14%+ same-store sales. Historical T+20 performance for bullish calls on FIVE has been mixed, so consider taking partial profits into strength.
Price Chart
Executive Summary
Five Below reported a massive Q2 2026 earnings beat with GAAP diluted EPS of $3.99 vs $1.41 consensus (183% beat) and net sales of $1.26B (+22.9% YoY, comparable sales +14.1%). The company raised its full-year guidance significantly: net sales outlook up to $5.63-5.71B (from $5.40-5.48B) and adjusted diluted EPS raised to $9.83-10.31 (from $8.65-9.05), reflecting strong momentum and tariff refunds boosting reported results.
Key Financial Metrics
Key Facts
- Q2 2026 GAAP diluted EPS $3.99 vs $1.41 consensus (+183% beat); adjusted diluted EPS $1.68 vs $0.81 YoY
- Net sales $1.26B (+22.9% YoY); comparable sales +14.1%, marking five consecutive quarters of double-digit comp growth
- Full-year fiscal 2026 net sales guidance raised to $5.63-5.71B (prior $5.40-5.48B); comparable sales guidance raised to +10-12% (prior +6-8%)
- Full-year adjusted diluted EPS guidance raised to $9.83-10.31 (prior $8.65-9.05); GAAP diluted EPS guidance raised to $12.10-12.58
- Board authorized new $600M share repurchase program, replacing prior program
- Company opened 52 net new stores in Q2 to reach 2,022 stores (+8.8% YoY)
Financial Impact
EPS beat consensus by $1.58 per share; full-year adjusted EPS guidance raised by ~$1.18 per share; $163.6M IEEPA tariff refunds contributed to GAAP results
Risk Factors
- GAAP earnings include $163.6M in IEEPA tariff refunds — non-recurring; adjusted EPS of $1.68 is much closer to consensus of $1.41
- Retail discretionary spending could weaken in H2 if consumer conditions deteriorate
- New store growth guidance unchanged at ~150 — any execution missteps could weigh on sentiment
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3355482 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 144 | $236.07 $232.28 | ▼ −1.61% | ▼ −3.72% | $221.19 (−6.30%) |
Sep 11, 2026 20d ago | Insider Cluster | $249.59 $236.14 | ▲ +5.39% | ▲ +5.50% | $221.19 (+11.38%) |
Sep 11, 2026 20d 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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