Five Below Q2 Net Income Soars 418% on $169.5M Tariff Refund; Board Authorizes $600M Buyback
FIVE sits 74% above its 52-week low of $137.77 on elevated volume (1.9× avg).
Summary
Five Below reported Q2 diluted EPS of $3.99, up from $0.77 a year ago, boosted by a $169.5 million IEEPA tariff refund. The board authorized a new $600 million buyback program.
Key Events · Earnings and Guidance · FIVE
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Q2 Net Income Up 418%
Net income rose to $221.4 million from $42.8 million a year ago; diluted EPS was $3.99 vs $0.77. Comparable sales increased 14.1%.
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$169.5M IEEPA Tariff Refund
Recognized a pre-tax benefit of $169.5 million from IEEPA tariff refunds — $163.6 million reduced cost of goods sold and $5.9 million added to interest income. Gross margin expanded to 48.5% from 33.3%.
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New $600M Buyback Authorized
Board approved a new $600 million share repurchase program on August 29, 2026, replacing the prior $100 million program. Q2 repurchases totaled 310,501 shares at $193.24 average.
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Two C-Suite Hires
Hired a Chief Retail Officer ($650K base salary) and Chief Legal Officer ($525K base salary), both reporting to the COO.
Analysis · FIVE · Trade & Services
A $169.5 million pre-tax benefit from IEEPA tariff refunds and a 14.1% jump in comparable sales drove net income to $221.4 million from $42.8 million a year ago. Gross margin expanded to 48.5% from 33.3%. The board also approved a new $600 million share repurchase program on August 29, 2026, replacing the prior $100 million authorization — a significant capital return commitment. The company hired two new C-suite executives (Chief Retail Officer and Chief Legal Officer) with combined base salaries of $1.175 million. The securities class action was certified on August 3, 2026, moving into discovery.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 35.3% of the 1324 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.36%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, FIVE was trading at $239.76 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $13.3B. The 52-week trading range was $137.77 to $263.88. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.