Five Below Announces Plans to Open 150 New Stores in 2025

The discount retailer, targeting tweens and teens, reports strong fiscal 2024 results and a 12% stock surge while navigating tariff and inflation challenges.

Five Below plans to expand its store count by 8.5%, opening 150 new locations in fiscal 2025, with 50 set to open by the end of March.
The company reported an 8.9% increase in fiscal 2024 net sales to $3.88 billion, driven by new store openings and non-comparable sales.
Fourth-quarter net sales rose 4% year-over-year to $1.39 billion, while comparable sales declined by 3%, a smaller drop than anticipated.
Despite a decline in fiscal 2024 net income to $253.6 million, Five Below's stock surged over 12% following its earnings announcement.
The retailer faces potential cost pressures from tariffs on Chinese imports, which make up 60% of its goods, as well as broader inflationary challenges.