Five Below Announces 150 New Stores for 2025 as Sales Surge

The discount retailer reports strong fiscal 2024 results and stock gains, despite inflation and tariff challenges.

Five Below plans to open 150 new stores in fiscal 2025, expanding its footprint by approximately 8.5%.
The company reported a 4% year-over-year increase in Q4 2024 net sales, reaching $1.39 billion.
Full fiscal 2024 net sales rose 8.9% to $3.88 billion, driven by successful holiday sales strategies and operational improvements.
Five Below's stock surged over 12% in after-hours trading following the earnings announcement, though it remains down more than 60% year-over-year.
The retailer faces inflationary pressures and tariff risks, with plans to raise prices on some items priced below $5 to offset costs.