Five Below, Inc. announced results for the second quarter and year-to-date period ended August 1, 2026. For the second quarter, net sales increased by 22.9% to $1.26 billion, while comparable sales increased by 14.1%. The company opened 52 net new stores during the quarter, bringing its total store count to 2,022 across 46 states, an increase of 8.8% from the prior year.
Financial results for the quarter showed operating income of $275.4 million compared to $52.4 million in the prior year. Net income was $221.4 million, and diluted earnings per share were $3.99. For the year-to-date period, net sales increased by 27.5% to $2.55 billion, and comparable sales rose by 18.3%. Operating income for the year-to-date was $429.6 million.
The company provided updated guidance for the remainder of fiscal 2026. For the third quarter, Five Below expects net sales between $1.21 billion and $1.23 billion, with comparable sales projected to increase by 8% to 10%. For the full year, the company raised its outlook for net sales to $5.63 billion to $5.71 billion and adjusted diluted earnings per share to $9.83 to $10.31.
In other corporate actions, the Board of Directors approved a new share repurchase program on August 29, 2026, authorizing the repurchase of up to $600 million of common stock. This program replaces the remaining capacity under the prior authorization from November 27, 2023.
