Five Below Posts Fifth Straight Quarter of Double-Digit Comp Growth, Raises Outlook

Five Below announced second-quarter fiscal 2026 results on September 2, 2026, for the quarter ended August 1, with net sales up 22.9% to $1.26 billion from $1.03 billion a year earlier.

Fifth Consecutive Quarter of Double-Digit Comps

Comparable sales increased 14.1%, marking the fifth straight quarter of double-digit comp growth — a sustained streak that distinguishes this from a single standout quarter and suggests durable momentum in the value-retail category rather than a short-lived post-pandemic bounce.

Profitability More Than Doubled

• Operating income reached $275.4 million, up sharply from $52.4 million a year earlier
• Adjusted EPS more than doubled to $1.68, beating forecasts by 26.3%
• The company opened 52 net new stores, ending the quarter with 2,022 stores across 46 states — an 8.8% increase in store count year-over-year

Guidance Raised for the Full Year

Management raised its full-year outlook to $5.63-5.71 billion in sales, 10-12% comparable-sales growth, and $10.07 adjusted diluted EPS, with plans for 115 net new stores — a guidance raise that reflects confidence the current comp-sales streak will continue rather than moderate sharply in the back half of the year.

What This Means for Value Retail

A fifth consecutive quarter of double-digit comparable sales growth, paired with operating income more than five times higher than a year earlier, is a specific signal that value-oriented retail continues to benefit from consumer spending patterns even as some other retail categories report more mixed results this earnings season.