Specialty discount retailer Five Below will expand its store fleet with 150 new locations in FY 2026 — the same number that the retailer added in its FY 2025, which ended last month. Five Below is coming off a strong year that included a net sales increase of 22.9%, to $4.76 billion, and a comparable sales increase of 12.8%. Five Below will front-load the year’s new store openings, planning 45 net-new stores across 24 states during its Q1, which ends in April 2026.
Growth in 2025 wasn’t limited to a particular region or store format, according to Five Below CEO Winnie Park, who spoke during a conference call discussing the results: “We saw strength across all our merchandising worlds, and we grew in all 170 districts, all vintages of stores and across all income cohorts,” said Park. “Better in-stock position supported by a store labor model focused on replenishing product and serving customers during peak periods, which led to a better experience for our customers and drove sales.
“We grew our store count by 8.5%, opening 150 net new stores with strong results, capped by eight record-breaking grand openings in the Pacific Northwest in the fourth quarter,” Park added. “This performance was achieved during a challenging macro environment that required tremendous urgency and agility from our incredible crew, who are the real secret to our success in 2025.”
