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Five Below(FIVE) - 2022 Q1 - Earnings Call Transcript
2022-06-09 02:52
Five Below, Inc. (NASDAQ:FIVE) Q1 2022 Earnings Conference Call June 8, 2022 4:30 PM ET Company Participants Christiane Pelz - VP, IR Joel Anderson - President & CEO Kenneth Bull - CFO Conference Call Participants Matthew Boss - JPMorgan Simeon Gutman - Morgan Stanley John Heinbockel - Guggenheim Partners Paul Lejuez - Citi Brian Nagel - Oppenheimer Karen Short - Barclays Edward Kelly - Wells Fargo Michael Lasser - UBS Chuck Grom - Gordon Haskett Joe Feldman - Telsey Advisory Jason Haas - Bank of America Je ...
Five Below(FIVE) - 2023 Q1 - Quarterly Report
2022-06-08 16:00
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 April 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- ...
Five Below(FIVE) - 2022 Q4 - Annual Report
2022-03-29 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 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: 001-35600 Five Below, Inc. (Exact name of Registrant as specified in its charter) | --- | --- | |-------------------------------------------------- ...
Five Below, Inc. (FIVE) CEO Joel Anderson Presents at 2022 ICR Conference (Transcript)
2022-01-11 17:54
Five Below, Inc. (NASDAQ:FIVE) 2022 ICR Conference Summary Company Overview - **Company**: Five Below, Inc. - **Industry**: Retail (Discount Retailer) - **Date of Conference**: January 10, 2022 Key Drivers and Performance - **Strong Holiday Season**: Five Below reported a successful holiday season, achieving a 7.6% comparable store sales increase on top of a 10.1% increase from the previous year, marking the best two-year stack since going public [8] - **Supply Chain Management**: The company effectively navigated supply chain challenges by bringing in products early, which allowed for timely distribution despite some late arrivals [3][4] - **Product Trends**: Notable product drivers included Squishmallows and sensory products like poppers, alongside strong sales in games and toys [4] Supply Chain Insights - **Proactive Strategies**: The team locked in container rates and capacity for the long term, which helped mitigate supply chain disruptions [12][13] - **Port Congestion**: While congestion issues persisted at some ports, Five Below managed to maintain a favorable inventory position, achieving record sales despite some delivery delays [13][20] - **Inventory Management**: The company prioritized seasonal products, ensuring timely availability for high-demand items, which contributed to strong sell-through rates [20] Inflation and Pricing Strategy - **Inflation Mitigation**: Five Below believes it is well-positioned to manage inflation through scale, innovation, and value offerings. The company has invested in its distribution network to reduce costs [24][25] - **Pricing Adjustments**: The company has successfully increased prices on certain products without significant customer pushback, indicating strong demand and customer acceptance [27] Five Beyond Initiative - **Expansion of Five Beyond**: The new product assortment, Five Beyond, is performing well, with customers spending approximately 2.5 times the average on these products during the holiday season [30] - **Positive Customer Response**: Testing higher price points (up to $25) showed no significant resistance from customers, suggesting strong market acceptance [30] Future Growth and Strategy - **Long-Term Growth Plans**: Five Below plans to update its long-term store target, currently at 2,500 stores, indicating potential for further expansion [36] - **Capital Allocation**: The company is focused on reinvesting cash into growth initiatives, including new store openings and distribution centers, while also considering opportunistic share buybacks [40][41] Customer Engagement Initiatives - **Tokenization and Customer Insights**: Five Below is implementing tokenization to better understand customer preferences, which will inform future initiatives like loyalty programs and enhanced shopping experiences [43][44] Conclusion - **Positive Outlook**: Five Below expressed confidence in its strategies and performance, with plans to share more detailed insights during the upcoming March meeting [44]
Five Below(FIVE) - 2021 Q3 - Earnings Call Transcript
2021-12-02 02:23
Five Below, Inc. (NASDAQ:FIVE) Q3 2021 Earnings Conference Call December 1, 2021 4:30 PM ET Company Participants Christiane Pelz - Vice President of Investor Relations Joel Anderson - President & Chief Executive Officer Kenneth Bull - Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Paul Lejuez - Citi John Heinbockel - Guggenheim Partners Simeon Gutman - Morgan Stanley Michael Lasser - UBS Chuck Grom - Gordon Haskett Karen Short - Barclays Brian Nagel - Oppenheimer Edward Kelly - ...
Five Below(FIVE) - 2022 Q3 - Quarterly Report
2021-12-01 16:00
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 30, 2021. 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(FIVE) - 2021 Q2 - Earnings Call Transcript
2021-09-02 04:28
Five Below, Inc. (NASDAQ:FIVE) Q2 2021 Earnings Conference Call September 1, 2021 4:30 PM ET Company Participants Christiane Pelz - Vice President of Investor Relations Joel Anderson - President & Chief Executive Officer Ken Bull - Chief Financial Officer & Treasurer Conference Call Participants Simeon Gutman - Morgan Stanley Edward Kelly - Wells Fargo Brian Nagel - Oppenheimer John Heinbockel - Guggenheim Securities Matthew Boss - JPMorgan Paul Lejuez - Citigroup Lorraine Hutchinson - Bank of America Merri ...
Five Below(FIVE) - 2022 Q2 - Quarterly Report
2021-09-01 16:00
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 31, 2021. 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 ...
Five Below(FIVE) - 2021 Q1 - Earnings Call Transcript
2021-06-04 01:36
Five Below, Inc. (NASDAQ:FIVE) Q1 2021 Results Conference Call June 3, 2021 4:30 PM ET Company Participants Christiane Pelz - VP, IR Joel Anderson - President and CEO Ken Bull - CFO and Treasurer Conference Call Participants Matthew Boss - JPMorgan John Heinbockel - Guggenheim Securities Karen Short - Barclays Simeon Gutman - Morgan Stanley Michael Lasser - UBS Chuck Grom - Gordon Haskett Scot Ciccarelli - RBC Capital Markets David Bellinger - Wolf Research Jeremy Hamblin - Craig-Hallum Capital Group Anthon ...
Five Below(FIVE) - 2022 Q1 - Quarterly Report
2021-06-03 16:00
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 May 1, 2021. 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: 001-356 ...