Five Below Q2 comp +14.1%, adjusted EPS $1.68; raises FY26 outlook, new $600M buyback

FIVE BELOW, INC

• Q2 net sales $1.26B (+22.9% YoY); comp sales +14.1%; 52 net new stores, ending at 2,022.
• GAAP diluted EPS $3.99; adjusted EPS $1.68 vs $0.81 a year ago; GAAP includes tariff refunds.
• FY26 guidance raised: net sales $5.63-5.71B (prior $5.40-5.48B); comp +10-12%; adjusted EPS $9.83-10.31.
• Q3 outlook: net sales $1.21-1.23B, comp +8-10%, diluted EPS $1.01-1.13; ~40 net new stores.
• Board approved $600M share repurchase program Aug 29, 2026, replacing prior authorization; no expiration.