Five Below plans to open at least 150 stores in 2025
/With consumers trading down and seeking discounts, Five Below is on a tear. In FY2025, Five Below plans to open at least 150 stores, and the chain is already one third of the way there.
According to comments from Five Below CFO Kristy Chipman, CPA, MBA during an earnings call yesterday, at least 50 of those stores are set to be operational by the end of the first fiscal quarter.
This is in addition to 22 Five Below stores that opened at the end of the fourth quarter, contributing to its total of 227 new locations in fiscal 2024. Five Below’s fiscal year ended on February 1, 2025.
The current store count is approximately 1,807 across 45 states. The new locations would put Five Below just under 2,000 locations.