Five Below, Inc. announced its net sales results for the holiday period from November 3, 2024, through January 4, 2025. Net sales increased by 8.7% to $1.19 billion, compared to $1.10 billion in the prior-year nine-week period.
Despite the overall sales growth, comparable sales for the holiday period decreased by 3.2%. The company stated that these results were in line with its internal plans, reflecting ongoing efforts to enhance product, value, and the in-store experience.
Based on the holiday performance and January forecasts, Five Below now expects to deliver fourth-quarter sales in the upper half of its previously provided guidance range. The company also reiterated its earnings per share outlook for the full fiscal year 2024.
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