# Five Below, Inc. (FIVE) Q2 2025 Financial Results Summary
On August 27, 2025, Five Below, Inc. (NASDAQ: FIVE) announced its financial results for the second quarter of fiscal 2025, which ended on August 2, 2025. Below is a summary of the key financial metrics and operational achievements during this quarter compared to the same period a year prior.
### Key Financial Metrics for Q2 2025
– **Net Sales**:
– Increased by **23.7%** to **$1,026.8 million** compared to **$830.1 million** in Q2 2024.
– Comparable sales grew by **12.4%**.
– **Store Growth**:
– Opened **32 net new stores**, bringing the total to **1,858 stores** across **44 states**, reflecting an **11.5%** increase from Q2 2024.
– **Operating Income**:
– Operating income increased to **$52.4 million**, up from **$41.5 million** in Q2 2024.
– Adjusted operating income rose to **$55.1 million**, compared to **$37.0 million** in the same period last year.
– **Effective Tax Rate**:
– Rose slightly to **26.2%** from **25.9%** in Q2 2024.
– **Net Income**:
– Increased to **$42.8 million**, compared to **$33.0 million** during the same quarter one year earlier.
– Adjusted net income was **$44.8 million**, up from **$29.7 million** in Q2 2024.
– **Earnings Per Share (EPS)**:
– Diluted EPS rose to **$0.77**, up from **$0.60** in Q2 2024.
– Adjusted diluted EPS was **$0.81**, compared to **$0.54** in the prior year.
### Year-to-Date Summary (As of August 2, 2025)
– **Net Sales**:
– Increased by **21.6%** to **$1,997.4 million**, versus **$1,641.9 million** in the year-to-date period of fiscal 2024.
– Comparable sales increased by **9.8%**.
– **Store Openings**:
– Opened **87 net new stores** compared to **123 stores** in the same period last year.
– **Operating Income**:
– Year-to-date operating income was **$103.2 million**, an increase from **$77.7 million** in FY 2024.
– Adjusted operating income was **$114.7 million**, up from **$75.2 million**.
– **Net Income**:
– Increased to **$83.9 million** from **$64.5 million** year-over-year.
– Adjusted net income was **$92.3 million**, compared to **$62.6 million**.
– **Diluted EPS**:
– Diluted EPS rose to **$1.52**, increasing from **$1.17** a year ago.
– Adjusted diluted EPS was **$1.67**, compared to **$1.13** in FY 2024.
### Outlook for Third Quarter and Full Year 2025
– **Expected Q3 2025 Results**:
– Net sales forecasted to be between **$950 million and $970 million**.
– Anticipated increase in comparable sales of approximately **5% to 7%**.
– Expected net income in the range of **$5 million to $12 million** with adjusted estimates between **$7 million to $13 million**.
– Expected diluted EPS is projected to be between **$0.09 and $0.21**.
– **Expected Full Year 2025 Results**:
– Total net sales expected in the range of **$4.44 billion to $4.52 billion**.
– Net income forecasted between **$253 million and $275 million**.
– Projected diluted EPS expected to be between **$4.56 and $4.96**.
### Additional Information
– **Dividends and Share Repurchase**:
– The company did not declare a quarterly dividend.
– There was no indication of any share repurchase activity during this quarter.
### Conclusion
The financial results for Q2 2025 indicate a strong performance by Five Below, Inc., with significant increases in net sales, operating income, and net income compared to the prior year. Moving forward, the company is optimistic about its growth potential in the upcoming quarters, especially with the holiday season approaching.
Here are the extracted tables in Markdown format:
### FIVE BELOW, INC. Consolidated Balance Sheets
*(Unaudited)*
*(in thousands)*
| August 2, 2025 | February 1, 2025 | August 3, 2024 | |
|---|---|---|---|
| Assets | |||
| Current assets: | |||
| Cash and cash equivalents | $ 562,746 | $ 331,718 | $ 209,039 |
| Short-term investment securities | 107,418 | 197,073 | 118,680 |
| Inventories | 799,602 | 659,500 | 639,881 |
| Prepaid income taxes and tax receivable | 4,657 | 4,649 | 14,140 |
| Prepaid expenses and other current assets | 110,495 | 158,427 | 136,899 |
| Total current assets | 1,584,918 | 1,351,367 | 1,118,639 |
| Property and equipment, net | 1,253,808 | 1,261,728 | 1,246,880 |
| Operating lease assets | 1,746,255 | 1,706,542 | 1,627,483 |
| Other assets | 21,557 | 19,937 | 20,142 |
| Total Assets | $ 4,606,538 | $ 4,339,574 | $ 4,013,144 |
| Liabilities and Shareholders’ Equity | |||
| Current liabilities: | |||
| Line of credit | $ — | $ — | $ — |
| Accounts payable | 371,801 | 260,343 | 255,965 |
| Income taxes payable | $ — | 51,998 | $ — |
| Accrued salaries and wages | 36,532 | 19,743 | 12,574 |
| Other accrued expenses | 204,926 | 149,495 | 164,226 |
| Operating lease liabilities | 311,365 | 274,863 | 252,440 |
| Total current liabilities | 924,624 | 756,442 | 685,205 |
| Other long-term liabilities | 10,288 | 8,210 | 8,662 |
| Long-term operating lease liabilities | 1,707,261 | 1,706,704 | 1,642,055 |
| Deferred income taxes | 57,118 | 59,891 | 69,481 |
| Total liabilities | 2,699,291 | 2,531,247 | 2,405,403 |
| Shareholders’ equity: | |||
| Common stock | 550 | 549 | 549 |
| Additional paid-in capital | 167,480 | 152,471 | 141,029 |
| Retained earnings | 1,739,217 | 1,655,307 | 1,466,163 |
| Total shareholders’ equity | 1,907,247 | 1,808,327 | 1,607,741 |
| Total Liabilities and Shareholders’ Equity | $ 4,606,538 | $ 4,339,574 | $ 4,013,144 |
—
### FIVE BELOW, INC. Consolidated Statements of Operations
*(Unaudited)*
*(in thousands, except share and per share data)*
| Thirteen Weeks Ended | Twenty-Six Weeks Ended | |||
|---|---|---|---|---|
| August 2, 2025 | August 3, 2024 | August 2, 2025 | August 3, 2024 | |
| Net sales | $ 1,026,847 | $ 830,069 | $ 1,997,374 | $ 1,641,932 |
| Cost of goods sold | 684,478 | 558,283 | 1,331,092 | 1,106,626 |
| Selling, general and administrative expenses | 242,314 | 188,809 | 468,816 | 378,995 |
| Depreciation and amortization | 47,690 | 41,468 | 94,254 | 78,652 |
| Operating income | 52,365 | 41,509 | 103,212 | 77,659 |
| Interest income and other income, net | 5,540 | 3,054 | 11,187 | 8,044 |
| Income before income taxes | 57,905 | 44,563 | 114,399 | 85,703 |
| Income tax expense | 15,143 | 11,563 | 30,489 | 21,236 |
| Net income | $ 42,762 | $ 33,000 | $ 83,910 | $ 64,467 |
| Basic income per common share | $ 0.78 | $ 0.60 | $ 1.52 | $ 1.17 |
| Diluted income per common share | $ 0.77 | $ 0.60 | $ 1.52 | $ 1.17 |
| Weighted average shares outstanding: | ||||
| Basic shares | 55,072,140 | 55,027,663 | 55,059,126 | 55,097,840 |
| Diluted shares | 55,389,479 | 55,042,588 | 55,289,719 | 55,148,893 |
