Five Below reports net sales for holiday period of $1.19B

Five Below (FIVE) announced net sales results for the quarter-to-date period from November 3, 2024 through January 4, 2025. Net sales for the Holiday Period increased by 8.7% to $1.19 billion from $1.10 billion in the comparable nine-week period from November 5, 2023 through January 6, 2024. Comparable sales for the Holiday Period decreased by 3.2%. Tom Vellios, Executive Chairman and co-founder of Five Below, stated, “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. Based on our holiday results and forecast for January, we now expect to deliver fourth quarter sales in the upper half of our guidance range and are reiterating our EPS outlook.”