Five Below, Inc.

NasdaqGS:FIVE Stock Report

Market Cap: US$14.0b

Five Below Future Growth

Future criteria checks 1/6

Five Below is forecast to grow earnings and revenue by 2.6% and 9.8% per annum respectively. EPS is expected to grow by 3.8% per annum. Return on equity is forecast to be 21.8% in 3 years.

Key information

2.6%

Earnings growth rate

3.79%

EPS growth rate

Specialty Retail earnings growth8.5%
Revenue growth rate9.8%
Future return on equity21.82%
Analyst coverage

Good

Last updated07 Sep 2026

Recent future growth updates

Recent updates

Seeking Alpha • Sep 03

Five Below Q2: Continued Outperformance As Comparable Sales Growth Shines

Summary Five Below, Inc. just released its Q2 earnings, and the results were impressive. The discount retailer reported comparable sales growth well above consensus estimates, while also putting out expectation-beating forward guidance. The share gains post-release add to YTD share appreciation of about 30%. At 26x forward earnings, FIVE shares aren’t overly expensive, though I would hesitate to chase the stock higher at the top end of its 52-week range. I view FIVE shares as adequately priced at current trading levels. Read the full article on Seeking Alpha
Narrative Update • Sep 03

FIVE: Fair Outlook Will Hinge On Sustaining Trend Driven Store Traffic

Five Below's analyst fair value estimate has been raised from $210 to $235 as analysts point to stronger Q2 expectations, firmer comp and merchandising trends, and recent rounds of higher Street price targets that reflect increased confidence in the business model. Analyst Commentary Recent Street research around Five Below shows a mix of optimism and caution.
Narrative Update • Aug 13

FIVE: Merchandising And Store Execution Will Drive Future Repricing

Analysts have nudged their fair value estimate for Five Below higher to about $335 from roughly $322, pointing to recent upgrades and higher price targets that emphasize what they see as more durable comps, merchandising gains, and a shift toward a longer-term growth story rather than just squish-driven demand. Analyst Commentary on Five Below Recent research commentary on Five Below has tilted more positive, with several bullish analysts framing the stock as a longer term growth story supported by merchandising execution, store productivity, and what they view as more sustainable comparable sales trends.
Narrative Update • Jul 02

FIVE: Elevated Multiple Will Rely On Sustained Trend Driven Traffic Momentum

The analyst price target for Five Below has been raised from $185 to $210. Analysts cite a mix of slightly lower assumed revenue growth, improved profit margins, and a modestly lower future P/E multiple, informed by recent research that highlights both strong recent comps tied to Squishy Dumplings and questions about how durable that momentum will be.
Narrative Update • Jun 18

FIVE: Strong Comps And Margin Execution Will Support Future Repricing

For Five Below, the updated analyst price target implies a fair value shift from $305.00 to about $321.69. Analysts are factoring in solid recent comps and margin performance while also accounting for lower revenue growth, slightly softer profit margins, and a higher future P/E multiple.
Analysis Article • Jun 16

Five Below (FIVE) Stock Could Be 26.7% Undervalued After Earnings And Raised Guidance

Five Below (FIVE) has drawn fresh attention after reporting first quarter results, updating guidance for 2026, and benefiting from viral Cardi B social media posts that spotlighted the retailer to a wider audience. See our latest analysis for Five Below. Five Below’s share price has been choppy in recent months, with a 7 day share price return of 3.98% but a 30 day share price return that is down 9.23%, while the 1 year total shareholder return of 53.33% points to stronger longer term...
Narrative Update • Jun 03

FIVE: Comp Execution And Store Expansion Will Drive Bullish 2026 Outlook

Analysts have nudged their fair value estimate for Five Below to about $264 from roughly $261, reflecting updated models that include higher comparable sales expectations and revised retail sector assumptions from recent Street research. Analyst Commentary Bullish analysts are generally lifting their fair value views in response to refreshed models and higher comparable sales assumptions, which feeds into the modest increase in the consolidated fair value estimate to about US$264.
Narrative Update • Apr 28

FIVE: New Leadership And Earnings Setup Will Support Future Repricing

Analysts have raised their average price targets on Five Below by a wide range, from $5 up to $45, as they factor in slightly higher modeled revenue growth near 12.6%, a modestly higher profit margin near 9.0%, and an updated discount rate of about 8.8%, while keeping a long term fair value estimate around $305 unchanged. Analyst Commentary Recent Street research around Five Below has been largely constructive, with a cluster of price target revisions and several rating changes that lean positive.
Narrative Update • Apr 14

FIVE: New Leadership Execution And Margin Expansion Will Shape Bullish 2026 Outlook

Analysts have raised the implied fair value estimate for Five Below by about $32 to $261.32. They cite a series of recent price target increases across Wall Street and updated assumptions that factor in slightly lower revenue growth expectations, offset by higher projected profit margins and a modestly reduced future P/E multiple.
Narrative Update • Mar 31

FIVE: Higher Margin Outlook Under New Leadership Will Support Repricing

The analyst fair value estimate for Five Below has shifted from $125.00 to $305.00. This change reflects a series of higher Street price targets that generally cite assumptions of stronger revenue growth, higher profit margins, and a higher future P/E multiple under current management.
Narrative Update • Mar 17

FIVE: Holiday Strength And New Leadership Reset Will Shape Balanced 2026 Outlook

The analyst price target for Five Below has been raised by about $12 to reflect a higher fair value estimate of $229, as analysts factor in stronger assumptions for revenue growth, profit margins, and future P/E multiples following a series of upward target revisions across the Street. Analyst Commentary Street research on Five Below has leaned more positive recently, with several firms lifting price targets and reiterating constructive views on the long term growth story.
Narrative Update • Mar 02

FIVE: Elevated P/E Will Likely Crack On Execution Dependent Holiday Momentum

Analysts have lifted their average price targets on Five Below to a range of roughly $193 to $267, citing improving results under new leadership, stronger holiday execution, and expectations for a higher P/E multiple as management initiatives around merchandising, store operations, and marketing take hold. Analyst Commentary Recent research has generally tilted positive on Five Below, with several firms lifting price targets into a band that now runs from about $193 to $267.
Narrative Update • Feb 16

FIVE: Elevated Multiple Will Likely Crack On Execution Dependent Holiday Momentum

Our analyst fair value estimate for Five Below has been raised from about $125 to $185. This change reflects higher assumed revenue growth, a slightly lower discount rate, modestly stronger profit margins, and a richer future P/E multiple that aligns with recent analyst price target hikes following positive management updates and holiday results.
Narrative Update • Feb 02

FIVE: Holiday Execution And Merchandising Initiatives Will Support Future Margin Expansion

The analyst price target for Five Below has moved higher, with our fair value estimate shifting from $213.71 to $217.33 as analysts respond to a series of price target increases across the Street tied to recent holiday performance updates, management meetings, and expectations for margins and comparable sales. Analyst Commentary Street research on Five Below has turned more constructive overall, with a cluster of price target changes following strong holiday updates and investor meetings.
Narrative Update • Jan 19

FIVE: Raised Guidance And Execution Support Future Margin And Valuation Balance

Analysts have raised their implied fair value estimate for Five Below from about $186 to roughly $214. This reflects updated assumptions for slightly higher revenue, improved profit margins, and a modestly richer future P/E multiple following a series of price target increases across Wall Street.
Narrative Update • Jan 04

FIVE: Raised Guidance And Expansion Will Support Future Margin And Traffic Upside

Analysts have raised their price target on Five Below by $23 to $186, citing improving expectations for revenue growth, profit margins, and overall fair value. Analyst Commentary Recent commentary from JPMorgan highlights a constructive shift in sentiment around Five Below, with the firm upgrading the stock to Overweight and setting a $186 price target.
Narrative Update • Dec 14

FIVE: Elevated Expectations Will Likely Expose Fragile Turnaround Momentum

Five Below's analyst price target has been raised from approximately $109 to about $125. Analysts point to improving profit margins, beatable second half and 2026 expectations, and strengthened leadership as drivers of a more favorable long term outlook, despite slightly lower projected revenue growth.
Narrative Update • Nov 30

FIVE: Leadership Changes And Expansion Will Balance Near-Term Opportunities And Execution Risks

Analysts have modestly increased their price target for Five Below to $163.14 from $161.95, reflecting optimism about leadership changes and favorable industry trends. Analyst Commentary Recent research and rating changes highlight a mix of optimism and caution from Wall Street regarding Five Below's outlook.
Narrative Update • Nov 16

FIVE: Recent Leadership and Expansion Moves Will Shape Risk and Reward Ahead

Analysts have slightly increased their price target for Five Below to approximately $161.95. They cite sustained momentum in sales, ongoing margin improvement, and confidence in new leadership as factors contributing to a positive long-term outlook.
Narrative Update • Nov 01

FIVE: New Leadership And Store Expansion Will Shape Business Turnaround Ahead

The analyst price target for Five Below has edged higher from approximately $160.10 to $161.86. This reflects analyst confidence in stronger revenue growth and improving profit margins, supported by positive sales momentum, experienced new leadership, and an accelerating business turnaround.
Narrative Update • Oct 18

Value Focus And Gen Z Appeal Will Transform Retail Dynamics

Five Below's analyst price target has nudged higher to approximately $160, up slightly from $159. Analysts point to ongoing sales momentum, improved merchandising, and strengthening management as factors supporting the company's outlook.
Narrative Update • Oct 04

Value Focus And Gen Z Appeal Will Transform Retail Dynamics

Five Below's analyst price target has been modestly increased to $159 from $157, as analysts cite improved management stability, strong sales momentum, and ongoing turnaround efforts as key drivers supporting a slightly higher valuation outlook. Analyst Commentary Recent Street research on Five Below reflects a mix of optimism surrounding strong operational improvement and cautious notes regarding future risks and potential headwinds.
Narrative Update • Aug 27

Pacific Northwest Expansion And Digital Engagement Will Open New Avenues

Analysts modestly raised Five Below’s price target to $141.11, citing robust same-store sales, effective strategic execution, and potential margin tailwinds, while remaining cautious on near-term growth risks and macro headwinds. Analyst Commentary Bullish analysts cite consistently strong same-store sales growth, driven by both increased traffic and higher average ticket sizes, as a key catalyst for raising price targets.

Earnings and Revenue Growth Forecasts

NasdaqGS:FIVE - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
1/31/20296,86266357293313
1/31/20286,23960154783923
1/31/20275,71064965786123
8/1/20265,314619599803N/A
5/2/20265,079441505681N/A
1/31/20264,764359412586N/A
11/1/20254,427308323509N/A
8/2/20254,232273345559N/A
5/3/20254,035263265537N/A
2/1/20253,877254107431N/A
11/2/20243,823268100475N/A
8/3/20243,71628118428N/A
5/4/20243,64529563441N/A
2/3/20243,559301165500N/A
10/28/20233,344270142452N/A
7/29/20233,253272179438N/A
4/29/20233,163266119358N/A
1/28/20233,07626263315N/A
10/29/20222,950230-90158N/A
7/30/20222,913238-38225N/A
4/30/20222,89026233303N/A
1/29/20222,84827940328N/A
10/30/20212,711263105369N/A
7/31/20212,580259219453N/A
5/1/20212,359224261498N/A
1/30/20211,962123166366N/A
10/31/20201,791110101306N/A
8/1/20201,692100-11201N/A
5/2/20201,68399N/A101N/A
2/1/20201,847175N/A187N/A
11/2/20191,762154N/A184N/A
8/3/20191,698157N/A187N/A
5/4/20191,628154N/A172N/A
2/2/20191,560150N/A184N/A
11/3/20181,462128N/A152N/A
8/4/20181,406124N/A181N/A
5/5/20181,342116N/A167N/A
2/3/20181,278102N/A167N/A
10/28/20171,16185N/A127N/A
7/29/20171,10480N/A121N/A
4/29/20171,04173N/A151N/A
1/28/20171,00072N/A107N/A
10/29/201693964N/A87N/A
7/30/201690963N/A78N/A
4/30/201687160N/A78N/A
1/30/201683258N/A88N/A
10/31/201576949N/A64N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FIVE's forecast earnings growth (2.6% per year) is below the savings rate (3.7%).

Earnings vs Market: FIVE's earnings (2.6% per year) are forecast to grow slower than the US market (17.3% per year).

High Growth Earnings: FIVE's earnings are forecast to grow, but not significantly.

Revenue vs Market: FIVE's revenue (9.8% per year) is forecast to grow slower than the US market (13.4% per year).

High Growth Revenue: FIVE's revenue (9.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FIVE's Return on Equity is forecast to be high in 3 years time (21.8%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/09 22:15
End of Day Share Price 2026/09/09 00:00
Earnings2026/08/01
Annual Earnings2026/01/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Five Below, Inc. is covered by 40 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Meredith AdlerBarclays
Seth SigmanBarclays
Brian McNamaraBerenberg