Recent Updates — FIVE

Five Below, Inc. increased its Board of Directors from nine to ten members and elected Scott Settersten as a new independent director effective September 21, 2026. Mr. Settersten, the former Chief Financial Officer of Ulta Beauty who retired in March 2024, will serve on the Audit Committee until the 2027 annual meeting. In connection with his appointment, he received an initial equity award of 545 restricted stock units vesting at the next annual meeting. Five Below is a leading growth retailer offering trend-right, extreme value products across categories such as candy, style, party, and tech.

Five Below, Inc. reported second quarter fiscal 2026 results ending August 1, 2026, with net sales increasing 22.9% to $1.26 billion and comparable sales rising 14.1%. The company opened 52 net new stores, bringing the total count to 2,022 locations across 46 states. GAAP diluted EPS reached $3.99 compared to $0.77 in the prior year period, while adjusted diluted EPS was $1.68. Operating income surged to $275.4 million from $52.4 million a year earlier. The Board approved a new share repurchase program authorizing up to $600 million of common stock, replacing the previous authorization. Management raised full-year 2026 sales guidance to $5.63–$5.71 billion and EPS guidance to $12.10–$12.58. Five Below operates a discount retail chain offering trend-right products priced primarily between $1 and $5.

Five Below, Inc. reported a cybersecurity incident on July 14, 2026, where a threat actor used social engineering to gain unauthorized access to an employee's computer and exfiltrated files. The company's forensic investigation, assisted by third-party experts, contained and terminated the immediately following access, and the company believes the incident was limited to personally identifiable information (PII) was not accessed or exfiltrated. The company does not believe the incident will have a material impact on its business strategy, operations, financial condition, or results of operations. Five Below, Inc. is a specialty retail company that sells high-value, low-cost items to children and teenagers.