AI-extracted from the 10-Q filed 2026-09-03 — Q2 FY2026 (quarter ended August 1, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Five Below reported Q2 net sales of $1.26B (+22.9% YoY) with net income surging to $221.4M (+417.7% YoY), driven by 14.1% comparable sales growth and a $169.5M pre-tax IEEPA tariff refund benefit.
Biggest Revenue Drivers
Fashion and Home$337.7M+9.2% YoY
Increased from $309.3M in Q2 FY2025; benefited from comparable sales growth and store expansion.
Biggest Revenue Drivers
Total revenue: $1,261.5M+22.9% YoY
Fashion and Home$337.7M+9.2% YoY
Increased from $309.3M in Q2 FY2025; benefited from comparable sales growth and store expansion.
Largest Expense Items
Cost of Goods Sold$649.1M-5.2% YoY
Decreased primarily due to $163.6M reduction from IEEPA tariff refunds, partially offset by new store occupancy and higher distribution costs from fuel.
Depreciation and Amortization$51.2M+7.3% YoY
Increased from $47.7M in Q2 FY2025, reflecting capital investments in new stores and infrastructure.
Margins: Gross margin expanded dramatically to 48.5% from 33.3% YoY, primarily driven by the $163.6M IEEPA tariff refund reducing merchandise costs and lower inventory shrinkage, partially offset by higher distribution costs. Operating margin improved to 21.8% from 5.1% YoY despite SG&A deleverage, reflecting strong operational leverage from the substantial tariff benefit.
Watch Items from the Filing
IEEPA tariff refunds of $169.5M (pre-tax) in Q2 contributed $163.6M to COGS and $5.9M to interest income; company expects remaining refunds to be immaterial, creating a significant prior-period benefit that may not recur.
Shareholder securities class action granted class certification on August 3, 2026 (covering March–July 2024 purchases); derivative suits also pending in state and federal court. Potential impact with unspecified damages remains uncertain.
Consumer class actions filed June–July 2026 alleging unjust enrichment over IEEPA tariff retention; company filed motion to dismiss and is consolidating matters. Outcome and financial exposure remain uncertain.
Operating 2,022 stores across 46 states with 14.1% comparable sales growth and 18.3% YoY growth in 26-week period; strong transaction growth of ~13.6% in Q2 indicates robust customer traffic.
Board approved new $600M share repurchase program on August 29, 2026, replacing prior $100M program; $310.5M repurchased in Q2 at $193.24/share average price shows capital return commitment.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
6 transactions in FIVE reported by 3 members of Congress under the STOCK Act, most recent trade Oct 31, 2025. Reported transactions, not recommendations.
About FIVE BELOW, INC (FIVE): stock profile, AI score and financials
FIVE BELOW, INC (FIVE) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores FIVE at 69.4/100 on a composite quality score built from its SEC filings, placing it at rank #257 of 2,925 stocks — the top 10% of the AI-ranked universe. FIVE scores in the top quartile across balance sheet strength (89.7), revenue growth (80.1), revenue scale (78.7). Areas of concern include institutional flow (18.8), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2027), FIVE BELOW, INC reports quarterly revenue of $1.3B, net income of $221.4M, an operating margin of 21.8%. Top institutional holders of FIVE by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. FIVE trades on the Nasdaq exchange and files with the SEC under CIK 1177609. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FIVE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FIVE BELOW, INC directly from SEC EDGAR.