Five Below Reports Net Sales Increase for Q4 and Fiscal 2024
Five Below, Inc. (NASDAQ: FIVE), a leading retailer of value-priced, trend-right merchandise, recently announced its financial results for the fourth quarter and full year of fiscal 2024, which ended on February 1, 2025. For the sake of comparison, the fourth quarter and full year of fiscal 2023 ended on February 3, 2024, and contained an additional week, known as the “53rd week.”
Financial Highlights
The net sales for Q4 of fiscal 2024 amounted to $524.6 million, representing a 7.8% increase compared to the same period in the previous year. This growth was primarily driven by a 6.3% increase in comparable store sales and a 12.3% increase in new store sales. For the full year of fiscal 2024, net sales reached $1.97 billion, marking a 10.4% increase from the previous year.
Earnings Per Share
GAAP diluted earnings per share (EPS) for Q4 of fiscal 2024 were reported at $3.39, while the adjusted diluted EPS stood at $3.48. In comparison, the GAAP diluted EPS for the same quarter in fiscal 2023 was $3.54, and the adjusted diluted EPS was $3.63. For the full year of fiscal 2024, GAAP diluted EPS amounted to $4.60, and adjusted diluted EPS reached $5.04.
Impact on Consumers
The positive financial results from Five Below indicate continued growth and success for the company. This growth may lead to the expansion of their product offerings, the addition of new stores, and potentially lower prices due to economies of scale. These factors could result in more value-priced, trend-right merchandise becoming available for consumers, providing them with greater choices and affordability.
Impact on the World
Five Below’s financial success could have a ripple effect on the retail industry as a whole. The company’s focus on value-priced merchandise and trend-right offerings may encourage other retailers to adopt similar strategies to remain competitive. This could potentially lead to increased competition and a more diverse range of affordable options for consumers.
Conclusion
Five Below’s net sales increase of 7.8% for Q4 and 10.4% for fiscal 2024, alongside their GAAP and adjusted diluted EPS, demonstrate the company’s continued growth and success. The positive financial results may lead to expanded product offerings, new store openings, and potentially lower prices for consumers. Moreover, Five Below’s success could influence the retail industry as a whole, driving competition and a wider selection of affordable options for consumers worldwide.
- Five Below announces Q4 and full year financial results for fiscal 2024
- Net sales for Q4 increased by 7.8% to $524.6 million
- Net sales for full year reached $1.97 billion, a 10.4% increase
- GAAP diluted EPS for Q4 was $3.39, adjusted diluted EPS was $3.48
- GAAP diluted EPS for full year was $4.60, adjusted diluted EPS was $5.04
- Impact on consumers: More choices, affordability, and potential lower prices
- Impact on the world: Increased competition and a wider selection of affordable options
