Five Below, Inc. (FIVE) — closed signal from September 24, 2025
Target reached Published before the outcome was known, scored automatically when the window closed on December 23, 2025 — +20.2% at the close.
Predicted vs. what happened
What happened
Reached its target in 89 days.
The thesis — published September 24, 2025
Five Below is executing well. Q2 net sales rose 23.7%, and management raised FY25 guidance, pointing to steady store traffic and growth. A class-action review is still in the background, but investors are focusing on the solid results, and buying interest is stronger than usual. Over the next 0-3 months, dips may hold as sales trends and expansion support a possible move toward the 180s, with rates and discounts worth watching.
Primary drivers
- Q2 sales up 23.7%, and managers raised the full-year outlook for FY25
- Buying interest and price strength are improving versus recent weeks
- Budget-friendly shoppers keep visiting stores even in a tough economy
- A class-action review exists, but so far it has not changed the business
How it played out
FIVE: target reached in 89 days
Lyra published FIVE at 156.25 on 2025-09-24, with expected growth of 20%. The thesis pointed to Q2 net sales up 23.7%, raised FY25 guidance, better buying interest, steady store traffic, and expansion. It also noted a class-action review in the background.
Inside the window, FIVE reached a peak of 188.72 on 2025-12-23. That was above the 187.49 target, with a peak gain of 20.8%. The target was reached in 89 days. The stock ended the window at 187.81. The thesis played out.
What happened during the window
On 2025-10-17, CT Insider reported that Five Below's website listed a Hamden, Connecticut store opening for 2025-11-21. On 2025-10-22, The U.S. Sun reported that Five Below would open 8 stores in Washington and Oregon on 2025-11-07.
Prices are shown split- and dividend-adjusted, matching what public charts show today.
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