Financial Data and Key Metrics Changes - Company reported Q2 2023 sales growth of over 13% to $759 million, with a comparable sales increase of 2.7% driven by transactions [96][132] - Diluted earnings per share increased approximately 14% to $0.84, reflecting strong financial performance [97][134] - Gross profit for Q2 2023 was up 15.8% to $264.6 million, with gross margin increasing by approximately 70 basis points to 34.9% due to lower inbound freight costs [133] Business Line Data and Key Metrics Changes - The company saw notable product performance in categories such as Squish, Hello Kitty, Anime, and consumables including candy and snacks [97][120] - The introduction of Barbie-related items capitalized on the movie's release, showcasing the company's ability to quickly adapt to trends [98][120] Market Data and Key Metrics Changes - The company opened 40 new stores across 24 states in Q2 2023, contributing to a total of 1,407 stores, a 12% increase year-over-year [159] - Inventory levels at the end of Q2 were $544 million, down from $569 million the previous year, with average inventory per store decreasing approximately 15% [161] Company Strategy and Development Direction - The company aims to open over 200 new stores in 2023, with a strong pipeline for 2024, indicating aggressive growth plans [99][122] - The focus on product and brand strategy includes integrating data analytics into marketing efforts to better understand customer cohorts [102][121] - The company is enhancing its inventory optimization strategies to improve efficiency and reduce costs [126] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macro pressures affecting customers and anticipated higher shrink levels, adjusting guidance accordingly [106][136] - The company is optimistic about the upcoming holiday season, with a strong product lineup and marketing strategies in place [105][121][88] Other Important Information - The company is conducting interim physical inventory counts to assess shrink levels and has increased reserves to reflect higher anticipated shrink rates [137][164] - SG&A expenses increased approximately 140 basis points to 27.1% due to normalized incentive compensation and planned marketing expenses [112] Q&A Session Summary Question: What portion of the operating margin change is attributable to shrink reserves? - Management indicated that the 20 basis point decline in operating margin is primarily due to changes in shrink reserves [170][173] Question: Can you elaborate on the ticket and price points? - Management noted that comp sales are driven by transactions rather than price increases, with only slight changes in average unit retail price [151][178] Question: What is the outlook for inventory management? - Management expressed confidence in improving inventory turnover and ensuring the right inventory is in the right place at the right time [194]

Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock FIVE The Nasdaq Stock Market LLC Pennsylvania 75-3000378 (State or Other Jurisdiction of Incorporation or Organization)(I.R.S. Employer Identification No.) (215) 546-7909 (Registrant's Telephone Number, Including Area Code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for s ...

Five Below, Inc. (NASDAQ:FIVE) Q1 2023 Earnings Conference Call June 1, 2023 4:30 PM ET Company Participants Christiane Pelz - Vice President of Investor Relations & Treasury Joel Anderson - President & Chief Executive Officer Kenneth Bull - Chief Operating Officer & Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Scot Ciccarelli - Truist Matthew Boss - JPMorgan David Bellinger - ROTH MKM John Heinbockel - Guggenheim Securities Edward Kelly - Wells Fargo Jason Haas - Bank ...

Store Operations - As of April 29, 2023, the company operated 1,367 stores across 43 states[71] - Total stores at the end of the period reached 1,367, up from 1,225[90] - From January 29, 2023, to April 29, 2023, the company entered into 95 new retail leases with average terms of approximately 10 years, resulting in future minimum lease payments of approximately $154.3 million[115] Financial Performance - Net sales increased to $726.2 million for the thirteen weeks ended April 29, 2023, up from $639.6 million, representing a 13.5% increase[90] - Gross profit rose to $234.8 million, an increase of $28.0 million or 13.6%, with a consistent gross margin of 32.3%[91] - Selling, general and administrative expenses increased to $192.4 million, up 17.0% from $164.4 million, with expenses as a percentage of net sales rising to 26.5%[92] - Net income increased to $37.5 million, a rise of 14.5% from $32.7 million[94] - Cash provided by operating activities was $85.3 million, an increase of $43.2 million compared to the prior year[104] - Comparable sales increased by 2.7%, driven by a 3.9% increase in the number of transactions[90] Sales and Revenue - The company reported that net sales are typically highest in the fourth fiscal quarter due to the year-end holiday season[75] - Comparable sales include net sales from stores open for at least 15 full months and e-commerce sales, with variations in calculation methods compared to competitors[76] - The company expects a significant percentage of net sales to continue coming from new stores not included in comparable sales[79] - E-commerce sales, including shipping and handling revenue, are included in net sales and comparable sales[72] Expenses and Costs - Gross profit is calculated as net sales minus cost of goods sold, with gross margin being gross profit as a percentage of net sales[80] - Selling, general and administrative (SG&A) expenses are expected to increase in future periods due to ongoing store growth[84] - Operating income is used as an indicator of business productivity and ability to manage SG&A expenses[85] Risks and Challenges - The company faces risks including inflation, supply chain disruptions, and increased operating costs that could adversely affect financial performance[67] - The company believes the impact of inflation on its historical results has been immaterial, and it seeks to minimize inflation effects through vendor sourcing and product mix changes[122] Capital Expenditures and Financing - The company plans to make cash capital expenditures of approximately $335 million in fiscal 2023, primarily for new store openings[101] - Net cash used in investing activities was $66.5 million, an increase of $123.9 million compared to the prior year[105] - As of April 29, 2023, the company had no borrowings under the Revolving Credit Facility and approximately $225 million available[111] - The Revolving Credit Facility provides a secured asset-based revolving line of credit of up to $225 million, with interest rates for SOFR loans ranging from 1.12% to 1.50%[109] - The Credit Agreement includes customary covenants that limit the company's ability to pay cash dividends, incur debt, and enter into certain transactions without lender approval[109] - The company has a variable interest rate exposure due to the Revolving Credit Facility, which could materially impact consolidated statements of operations if material borrowings occur[120] - The Second Amendment to the Credit Agreement replaced LIBOR provisions with SOFR provisions, converting outstanding LIBOR loans into SOFR loans[109] - The Credit Agreement allows for an increase of the Revolving Credit Facility by up to $150 million, subject to certain conditions[109]

Five Below, Inc. (NASDAQ:FIVE) Q4 2022 Earnings Conference Call March 15, 2023 4:30 PM ET Company Participants Christiane Pelz - Vice President, Investor Relations & Treasury Joel Anderson - President and Chief Executive Officer Kenneth Bull - Chief Operating Officer and Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Matthew Boss - JPMorgan Seth Sigman - Barclays John Heinbockel - Guggenheim Chuck Grom - Gordon Haskett Scot Ciccarelli - Truist Michael Lasser - UBS Edward ...

During the past five fiscal years, we have not declared, and currently do not plan to declare in the foreseeable future, dividends on shares of our common stock. Any further determination to pay dividends on our capital stock will be at the discretion of our Board of Directors, subject to applicable laws, and will depend on our financial condition, results of operations, capital requirements, general business conditions and other factors that our Board of Directors considers relevant. In addition, the terms ...

Five Below, Inc. (NASDAQ:FIVE) Q3 2022 Earnings Call Transcript November 30, 2022 4:30 PM ET Company Participants Christiane Pelz - VP, IR Joel Anderson - President & CEO Ken Bull - CFO Conference Call Participants Kathy Burns - JPMorgan Simeon Gutman - Morgan Stanley John Heinbockel - Guggenheim Scot Ciccarelli - Truist Brian Nagel - Oppenheimer Paul Lejuez - Citi Edward Kelly - Wells Fargo Jason Haas - Bank of America Jeremy Hamblin - Craig Hallum Eric Cohen - Gordon Haskett Anthony Chukumba - Loop Capita ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock FIVE NASDAQ Global Select Market Form 10-Q (mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 29, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 00 ...

Five Below, Inc. (NASDAQ:FIVE) Q2 2022 Earnings Conference Call August 31, 2022 4:30 PM ET Company Participants Christiane Pelz - VP, IR Joel Anderson - President & CEO Ken Bull - CFO Conference Call Participants Edward Kelly - Wells Fargo Kelly Crago - Citi Matt Boss - JPMorgan Michael Lasser - UBS Simeon Gutman - Morgan Stanley Chuck Grom - Gordon Haskett Scot Ciccarelli - Truist Securities Jeremy Hamblin - Craig-Hallum Capital Group John Heinbockel - Guggenheim Partners Michael Montani - Evercore ISI Bra ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock FIVE NASDAQ Global Select Market Form 10-Q (mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 30, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-3 ...