Five Below Plans Puerto Rico Stores for 2027 Expansion
Five Below plans to expand into Puerto Rico as its store fleet grows beyond 2,000 locations. Management called the territory a strong match for its kid-focused, value-priced mix and said early store count would be limited. The company opened 52 net new stores in the quarter, ending with 2,022 locations across 46 states, and still expects about 150 net new openings this year.