EarningsQ1 2026 Earnings Report
MX:FIVE Q1 2026 EPS Results
Actual EPS$37.67
Consensus EPS$30.00
Beat/MissBeat by +$7.67
One Year Ago EPS$14.59
MX:FIVE Q1 2026 Revenue Results
Actual Revenue$21.82B
Expected Revenue$20.86B
Beat/MissBeat by +$960.41M
YoY Revenue Growth+32.46%
Earnings Announcement Details
QuarterQ1 2026
Date06/03/2026
TimeAfter Close
Conference CallWednesday, June 3, 2026
MX:FIVE Upcoming Earnings
Five Below's next earnings date is estimated for December 2, 2026, based on past reporting schedules.
Q1 2026 Earnings Call Audio
MX:FIVE Q1 2026 Earnings Call
0:00 / 0:00
Q1 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q1 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive operational and financial performance: strong sales (+~33%), widespread comps (+23%), substantial margin expansion, robust cash and a raised full-year outlook. Management emphasized tactical execution wins (social-first marketing, trend activation, store experience improvements) and maintained investment to support growth. Offsetting this optimism, leadership reiterated caution around macro headwinds (inflation, fuel), higher inventory levels, and the need to cycle tough comparisons in the back half of the year. Overall the message was confidence in the business model and continued execution, tempered by prudent conservatism on external risks.Company Guidance
Top-line Growth and Comparable Sales
Net sales increased nearly 33% to $1.3 billion in Q1, driven by comparable sales growth of ~23% and a 2-year stack comp of ~30%. This marked the fifth consecutive quarter of positive comps and fourth straight quarter of double-digit comp growth.
Strong Earnings and Margin Expansion
Adjusted EPS was $2.22, up ~158% year-over-year (over 2.5x). Adjusted net income grew 160% to $123 million. Adjusted operating income grew 160% to $155 million and adjusted operating margin expanded ~600 basis points to 12%.
Improved Gross Profitability and SG&A Leverage
Adjusted gross profit increased 46% to $479 million with gross margin rate of 37.2%, up ~340 basis points vs. prior year. Adjusted SG&A totaled $324 million or 25.2% of sales, a rate decline of ~250 basis points, driven by fixed cost leverage.
Store Growth and New-Store Productivity
Opened 49 net new stores in Q1 (vs. 55 last year) and ended the quarter with 1,970 stores (store count +8% year-over-year). New-store productivity was outstanding with broad-based fleet performance across all districts and vintages.
Transaction-Driven Customer Traffic
Comp growth was disproportionately driven by transactions, which increased ~19%, while ticket rose ~4%, indicating strong traffic and customer engagement across cohorts.
Marketing & Trend Activation Success
Shift to a social-first marketing strategy and stronger creator/UGC engagement amplified trends (notably the Squishy Dumpling event) and drove meaningful traffic and brand awareness lift. 15 of 18 merchandise departments comped positively; games & toys and collectibles were especially strong.
Balance Sheet and Inventory Position
Ended Q1 with approximately $1.1 billion in cash, cash equivalents and investments. Inventory totaled $813 million (up ~16%) with units up ~10% and average inventory per store up ~7%, positioned to support summer and holiday periods.
Raised Near-Term Guidance and Confident Full-Year Outlook
Raised Q2 outlook to total sales $1.18B–$1.20B (midpoint growth ~16%) and comps 7%–9%. Full-year sales guidance increased to $5.40B–$5.48B (midpoint +14%); full-year adjusted diluted EPS of $8.85 at midpoint (up ~33% vs. prior year) and operating margin expansion to ~11.6% at midpoint.
MX:FIVE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed