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Five Below(FIVE) - 2020 Q2 - Earnings Call Transcript
2020-09-03 02:58
Five Below, Inc. (NASDAQ:FIVE) Q2 2020 Earnings Conference Call September 2, 2020 4:30 PM ET Company Participants Christiane Pelz - VP, IR Joel Anderson - President & CEO Ken Bull - CFO & Treasurer Conference Call Participants Simeon Gutman - Morgan Stanley David Buckley - Bank of America Merrill Lynch Matthew Boss - JPMorgan Chase & Co. Edward Kelly - Wells Fargo Securities Karen Short - Barclays Bank John Heinbockel - Guggenheim Securities Brian Nagel - Oppenheimer Paul Lejuez - Citigroup Michael Montani ...
Five Below(FIVE) - 2021 Q1 - Quarterly Report
2020-06-10 21:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 2, 2020. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |--------------------------------------------------------------------------------------------------------|-----------------------------------| | Commission file number: \nFive B ...
Five Below(FIVE) - 2020 Q1 - Earnings Call Transcript
2020-06-10 03:19
Five Below, Inc. (NASDAQ:FIVE) Q1 2020 Earnings Conference Call June 9, 2020 4:30 PM ET Company Participants Christiane Pelz - VP of Investor Relations Joel Anderson - President and Chief Executive Officer Ken Bull - Chief Financial Officer and Treasurer Conference Call Participants Matthew Boss - JP Morgan Simeon Gutman - Morgan Stanley David Buckley - Bank of America John Heinbockel - Guggenheim Chuck Grom - Gordon Haskett Karen Short - Barclays Judah Frommer - Credit Suisse Paul Lejuez - Citi Research Ch ...
Five Below(FIVE) - 2020 Q4 - Annual Report
2020-03-19 18:29
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 February 1, 2020 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) Pennsylvania 75-3000378 (State or Other Jurisdiction of Incorpora ...
Five Below(FIVE) - 2019 Q4 - Earnings Call Transcript
2020-03-19 02:46
Five Below, Inc (NASDAQ:FIVE) Q4 2019 Earnings Conference Call March 18, 2020 4:30 PM ET Company Participants Christiane Pelz - Vice President, Investor Relations Joel Anderson - President and Chief Executive Officer Ken Bull - Chief Financial Officer and Treasurer Conference Call Participants Paul Lejuez - Citi Research Edward Kelly - Wells Fargo Matthew Boss - JP Morgan Simeon Gutman - Morgan Stanley Chuck Grom - Gordon Haskett Karen Short - Barclays Michael Lasser - UBS Scot Ciccarelli - RBC Capital Mark ...
Five Below(FIVE) - 2020 Q3 - Quarterly Report
2019-12-05 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 November 2, 2019. OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | |--------------------------------------------------------------------------------------------------------|---------------------------------- ...
Five Below(FIVE) - 2019 Q3 - Earnings Call Transcript
2019-12-05 02:04
Financial Data and Key Metrics Changes - Sales for Q3 2019 increased by 21% to $377 million compared to Q3 2018, exceeding the company's outlook [7][25] - Earnings per share (EPS) for Q3 2019 was $0.18, beating guidance by a penny [7][29] - Comparable sales increased by 2.9%, driven by a 1.9% increase in comp ticket and a 1% increase in comp transactions [26] - Gross profit increased by 16.3% to $118.7 million, while gross margin decreased by approximately 120 basis points to 31.4% due to tariff costs [27] - Net income decreased by 24.6% to $10.2 million compared to $13.5 million in Q3 2018 [29] Business Line Data and Key Metrics Changes - New store performance was strong, with 61 new stores opened in Q3, totaling 144 new stores for the year [8] - The company experienced broad-based performance across its eight worlds, particularly in style, tech, candy, and room [9] Market Data and Key Metrics Changes - The company opened stores in diverse markets across 24 states, indicating a broad appeal [8] - The company is preparing for the holiday season with new product assortments, including a focus on the upcoming Frozen 2 movie [9][18] Company Strategy and Development Direction - The company is focused on executing key strategic initiatives, including marketing, systems, and infrastructure to support future growth [12] - The remodel program is on track, with 50 remodels expected to be completed in 2019, generating positive customer feedback [13] - The company is testing the Ten Below concept, providing merchandise priced above $5, which has received positive customer responses [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the upcoming holiday season, stating they are well-positioned with their product assortment and marketing plan [17][21] - The company raised the low end of its sales guidance for fiscal 2019, expecting sales between $1.877 billion and $1.892 billion [33] - Management acknowledged the impact of the Toys"R"Us closure on traffic and sales but remains optimistic about new product offerings [21][57] Other Important Information - The company ended Q3 with $132 million in cash and no debt, having repurchased approximately 191,000 shares at a cost of $20.3 million during the quarter [30][31] - Inventory at the end of Q3 was $419 million, reflecting a 2.8% increase per store compared to the previous year [31] Q&A Session Summary Question: Impact of price increases on sales margins - Management indicated that the price increase from $5 to $5.55 for tech products had the most significant impact on margins, while the Ten Below Gift Shop was more about offering new products [43][44] Question: Initial uptake from Frozen merchandise - Management noted that the bulk of Frozen sales are expected to occur after the movie's release, and they are on plan for sales [45][46] Question: Strength across business lines - Management confirmed that the strength across different worlds is interrelated, with various trends driving customer traffic [48][49] Question: Elasticity of pricing changes - Management stated that elasticity results were in line with expectations, and any negative impacts were primarily seen in branded products, which were adjusted accordingly [68][69] Question: Store openings and sales trajectory - Management did not provide specific guidance for 2020 but reiterated their commitment to long-term growth targets [70][71]
Five Below(FIVE) - 2020 Q2 - Quarterly Report
2019-08-29 20:37
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 August 3, 2019. 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: 001-35 ...
Five Below(FIVE) - 2019 Q2 - Earnings Call Transcript
2019-08-29 02:25
Five Below, Inc. (NASDAQ:FIVE) Q2 2019 Results Earnings Conference Call August 28, 2019 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 John Heinbockel - Guggenheim Securities Charles Grom - Gordon Haskett Matthew Boss - JPMorgan Edward Kelly - Wells Fargo Karen Short - Barclays Paul Trussell - Deutsche Bank Michael Lasser - UBS Michael Kessle ...
Five Below(FIVE) - 2020 Q1 - Quarterly Report
2019-06-06 20:49
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) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2019. 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 ...