Five Below, Inc. reported strong financial results for the first quarter ended May 3, 2025. Net sales increased by 19.5% to $970.5 million, driven by a 7.1% increase in comparable sales, composed of a 6.2% rise in transactions and a 0.9% increase in average transaction value. GAAP diluted EPS was $0.75, and adjusted diluted EPS was $0.86.
The company raised its full-year fiscal 2025 sales guidance to a range of $4.33 billion to $4.42 billion, reflecting the strong Q1 performance. The low end of the full-year adjusted EPS guidance range was also raised to $4.25-$4.72, despite anticipating a nearly 200 basis point decline in operating margin due to incremental tariff-related costs and investments in store labor.
Five Below also announced a CFO transition, with Kristy Chipman stepping down for personal reasons. Ken Bull, the company's Chief Operating Officer, will assume the role of interim CFO. This ensures a seamless transition given Mr. Bull's prior experience as CFO for over ten years.
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