Five Below Reports 14.1% Comparable Sales Growth and $600M Buyback Plan
Comparable sales rose 14.1% and the quarter added 52 net new stores, lifting the count to 2,022. GAAP operating income increased to $275.4 million, aided by a $163.6 million IEEPA tariff refund. Adjusted operating income climbed to $113.2 million and margins expanded to about 9.0%. Five Below authorized a $600 million repurchase program as it raised capex guidance to $250–$260 million.