“While it is difficult to accurately measure the impact of inflation due to the imprecise nature of the estimates required, we believe the effects of inflation, if any, on our historical results of operations and financial condition have been immaterial.”10-Q · Sep 3, 2026 ↗
Five Below, Inc.
FIVE
Market read
Five Below, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- Revenue increased 32.5% versus the comparable filing period.
- IEEPA tariff refunds contributed to the increase in operating cash flow, alongside store performance.
- Income tax expense increased primarily because pre-tax income rose, with discrete items partly offsetting the increase.
Invalidation: The isolated read changes if FIVE's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- Revenue increased 32.5% versus the comparable filing period.
- Operating margin improved 6.8 percentage points.
- Net income increased 199.1% versus the comparable filing period.
No thresholded adverse filing evidence is available yet.
- IEEPA tariff refunds contributed to the increase in operating cash flow, alongside store performance.
- Income tax expense increased primarily because pre-tax income rose, with discrete items partly offsetting the increase.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +22.9% year over year.
- Operating margin changed +1.2 percentage points in the latest annual period.
- Capital investment and capacity has repeated adverse evidence across 5 filings.
- P/E is 129% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 125% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
241.45Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The increase was primarily due to increases in net purchases of investment securities and other investments and capital expenditures.”10-Q · Sep 3, 2026 ↗
“The Company believes that: (1) the carrying value of cash equivalents and accounts payable are representative of their respective fair value due to the short-term nature of these instruments; and (2) the carrying value of the borrowings, if any, under the lin…”10-K · Mar 19, 2026 ↗
“Also contributing to the increase in gross margin was the decrease as a percentage of net sales in store occupancy costs, partially offset by the increase as a percentage of net sales in distribution costs due to higher fuel costs.”10-Q · Sep 3, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 2.8× · EV/sales 2.8×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for FIVE. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Earlier comparable assessment · baseline
Fundamentals strengthened in the latest filing
10-Q filed 2026-06-04 against the comparable filing from 2025-06-05.
A newer Struct brief is shown above. This older assessment remains here for comparison, not as the current read.
What improved
- Revenue increased 32.5% versus the comparable filing period.
- Operating margin improved 6.8 percentage points.
- Net income increased 199.1% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“The increase in non-comparable sales was primarily driven by the number of stores that opened in fiscal 2025 but have not been open for 15 full months and new stores that opened in fiscal 2026.”
“The increase in income tax expense was primarily due to the $106.0 million increase in pre-tax income, partially offset by discrete items, which includes the impact of share-based accounting.”
“The increase was primarily due to an increase in operating cash flows from store performance, partially offset by changes in working capital.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind FIVE
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
KRGKite Realty Group TrustdistributorFeb 17, 2026 ▾
“We have aggressively targeted and executed leases with prominent grocers, including Lidl, Aldi, Whole Foods, Trader Joe’s, Sprouts Farmers Market, and BJ’s Wholesale Club; expanding retailers such as Nordstrom Rack, Homesense, Ross Dress for Less, Burlington,…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
FIVE is currently a Early Follower in the organic co-movement group Specialty Retail. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.