PHILADELPHIA, PA — Five Below, Inc. (NASDAQ: FIVE) has announced its holiday sales performance, reporting net sales of $1.19 billion for the nine-week period ending January 4, 2025. This marks an 8.7% increase compared to the $1.10 billion recorded in the same period last year. However, the company noted a 3.2% decline in comparable sales during the same timeframe.
The results align with Five Below’s expectations, reinforcing optimism as the retailer prepares for continued growth in the coming year. Executive Chairman and co-founder Tom Vellios expressed confidence in the company’s strategic initiatives. “We were pleased to deliver holiday results in line with our plans. The increased focus on product, value and store experience to better engage our customers is underway. We are encouraged by early customer response to these investments, and we look forward to continuing to make progress in 2025,” Vellios said.
Based on the holiday results and projected sales performance for January, Five Below now expects fourth-quarter sales to reach the upper half of its previously provided guidance range. The company also reiterated its outlook for diluted EPS, signaling steady financial confidence.
Winnie Park, Five Below’s CEO, shared excitement for the holiday achievements and the company’s potential. “I am thrilled to have joined Five Below during the holiday season and to experience firsthand the magic that we bring to our customers. The passion of the crew across the stores, distribution centers and WowTown headquarters was evident. Together, we will deliver amazing, trend-right products at incredible value in a fun store experience that delights our customers,” Park said.
For the fourth quarter of fiscal 2024, Five Below projects net sales between $1.35 billion and $1.38 billion, with an anticipated 3% to 5% drop in comparable sales. Diluted income per share is expected to range from $3.15 to $3.33, or $3.23 to $3.41 adjusted for nonrecurring items.
For the full year, Five Below projects net sales of $3.84 billion to $3.87 billion, with a similar 3% decline in comparable sales. Adjusted diluted income per share is forecasted between $4.78 and $4.96.
With its disciplined approach and commitment to delivering value-driven offerings, Five Below remains focused on adapting to customer needs while driving long-term growth.
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