Five Below, Inc. Announces Holiday Sales Results for Quarter-To-Date Through January 1, 2022

Five Below
Net Sales Increased 20.6%; Comparable Sales Increased 7.7%

PHILADELPHIA, PA — Five Below, Inc. (NASDAQ: FIVE) this week announced net sales results for the quarter-to-date period from October 31, 2021, through January 1, 2022.

The Company announced that net sales for the Holiday Period increased by 20.6% to $870.9 million from $722.3 million in the comparable nine-week period from November 1, 2020, through January 2, 2021. Comparable sales for the Holiday Period increased by 7.7%.

Joel Anderson, President and CEO, said, “It was an outstanding holiday for Five Below, with comparable sales growth of 7.7% on top of a record 10.1% last year, resulting in the highest two-year comparable sales growth rate for the holiday season since going public. Performance was broad-based, with trend items like sensory and Squishmallows® being key contributors. Given this performance, we are pleased to move our guidance near the high end of our previously provided guidance ranges for sales, comps, and EPS, all of which contemplated the comparison against the stimulus-fueled January last year.”

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Mr. Anderson continued, “I’d like to thank our teams across the company, who remained nimble and proactive in sourcing Wow gift items and stocking stuffers for our customers and effectively managed product flow amid a dynamic supply chain backdrop. We look forward to continuing to grow our store base, reinvest in our merchandise and innovate digitally, while we raise brand awareness, gain operational efficiency and leverage our benefits of scale.”

The Company’s previously provided guidance for the fourth quarter and full year of fiscal 2021 is provided below. The Company is now guiding near the high end of these ranges.

Fourth Quarter Fiscal 2021 Guidance

  • Net sales of $985 million to $1,005 million or growth of 17.1% at the high end of the range
  • Comparable sales increase of approximately 2% to 4%
  • Diluted income per common share of $2.36 to $2.48 on approximately 56.4 million estimated diluted weighted average shares outstanding
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Full Year Fiscal 2021 Guidance

  • Net sales of $2,837 million to $2,857 million or growth of 45.6% at the high end of the range
  • Comparable sales increase of approximately 30%
  • Diluted income per common share of $4.82 to $4.94 on approximately 56.4 million estimated diluted weighted average shares outstanding

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