First visit to Five Below

 

Photos and video by Retiring Guy

PYMNTS, 6/4/2021

Five Below, an off-price retailer that has more than 1,050 stores in 39 states, reported that its net sales surged by approximately 198 percent between Q1 fiscal 2020 and Q1 fiscal 2021, according to an announcement. In addition, the retailer’s comparable sales soared by 162 percent over the same timeframe. 

Five Below reported $49.6 million in net income for Q1 fiscal 2021, swinging from a $50.6 million net loss the same quarter the previous fiscal year. 

All in, the retailer posted 88 cents in diluted income per common share, in contrast to a 91-cent diluted loss per common share during the same quarter last fiscal year.