Five Below, Inc. announced its financial results for the fourth quarter and full fiscal year ended February 1, 2025. For Q4 2024, net sales increased by 7.8% to $1.391 billion, with adjusted diluted EPS of $3.48. Full-year 2024 net sales, excluding the 53rd week, rose by 10.4% to $3.88 billion, and adjusted diluted EPS was $5.04.
Comparable sales for the fourth quarter decreased by 3.0%, and for the full fiscal year 2024, comparable sales declined by 2.7%. The company opened 228 new stores in fiscal 2024, bringing its total store count to approximately 1,771 locations across 44 states.
For fiscal year 2025, Five Below provided guidance anticipating total sales between $4.21 billion and $4.33 billion, with adjusted diluted EPS projected between $4.10 and $4.72. This guidance explicitly includes the expected impact of tariffs, which are anticipated to cause an approximate 200 basis point decline in the full-year adjusted operating margin compared to fiscal 2024.
The company also announced the appointment of Jacob Hawkins as Chief Marketing Officer, joining from Forever 21. Furthermore, Five Below indicated that it would implement 'selective' price adjustments to mitigate the impact of rising costs, particularly those related to tariffs.
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