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Five Below, Inc. Announces First Quarter 2025 Earnings Release and Conference Call Date
Globenewswire· 2025-05-21 20:05
Core Viewpoint - Five Below, Inc. is set to release its financial results for the first quarter of fiscal 2025 on June 4, 2025, followed by a conference call to discuss these results [1][2]. Company Overview - Five Below is a high-growth value retailer that offers trend-right, high-quality products primarily targeted at tweens and teens, with most items priced between $1 and $5, and some extreme value items priced above $5 [4][5]. - The company operates over 1,800 stores across 44 states in the U.S. and aims to provide an engaging shopping experience filled with a variety of product categories [5]. Financial Communication - A live audio webcast of the upcoming conference call will be available online, and a replay will be accessible shortly after the call concludes [2]. - Investors and analysts are encouraged to join the call by dialing in approximately 10 minutes before it starts [2].
MINISO Group Will Report March Quarter 2025 Financial Results on May 23, 2025
Prnewswire· 2025-05-13 04:05
Core Viewpoint - MINISO Group Holding Limited plans to release its financial results for the March quarter of 2025 on May 23, 2025, before the U.S. market opens [1] Group 1: Financial Results Announcement - The financial results will be discussed in an earnings conference call scheduled for 5:00 A.M. Eastern Time on May 23, 2025 [2] - The conference call will include simultaneous interpretation in English [2] - Access to the call can be made via a Zoom link or by dialing specific phone numbers [3][4] Group 2: Company Overview - MINISO Group is a global value retailer known for trendy lifestyle products featuring IP design [6] - The company has established a large network of MINISO stores, providing a unique shopping experience that appeals to various demographics [6] - Since its first store opening in China in 2013, MINISO has built a globally recognized retail brand and a massive store network [6]
Five Below Announces Planned Board Chair Transition Following 2025 Annual Meeting And Raises Outlook for First Quarter of 2025
Globenewswire· 2025-05-02 12:30
Company Transition and Leadership Changes - Tom Vellios, co-founder and Executive Chair of Five Below, will transition to an advisory role and will not seek re-election to the Board at the 2025 Annual Meeting scheduled for June 12, 2025 [1][2] - Mike Devine, a current director with 12 years of experience on the Board, is expected to be appointed as the non-executive Chair, bringing substantial public company board experience [2] Business Performance and Outlook - Five Below is raising its guidance for the first quarter of fiscal 2025, expecting net sales of approximately $967 million, up from prior guidance of $905 million to $925 million [4][6] - The company anticipates opening 55 new stores in the first quarter, exceeding the previous guidance of approximately 50 new stores [6] - Comparable sales are projected to increase by approximately 6.7%, compared to earlier guidance of a flat to 2% increase [6] - Diluted income per common share is expected to be in the range of $0.69 to $0.71, significantly higher than the prior guidance of $0.44 to $0.55 [6] - Adjusted diluted income per common share is expected to be between $0.82 and $0.84, compared to the previous range of $0.50 to $0.61 [6] Company Overview - Five Below is a leading high-growth value retailer targeting pre-teens and teens, with most items priced between $1 and $5, and some items priced above $5 [7] - The company operates over 1,800 stores across 44 states, focusing on delivering trend-right, high-quality products in a fun shopping environment [7]
MINISO Group Announces Annual General Meeting on June 12, 2025, Filing of Annual Report on Form 20-F and Proposed Change of Auditors
Prnewswire· 2025-04-24 11:16
Core Viewpoint - MINISO Group Holding Limited announced its annual general meeting (AGM) scheduled for June 12, 2025, to consider proposed resolutions [1] Group 1: AGM Details - The AGM will take place at 11:00 a.m. Hong Kong time at Plaza 88, Tsuen Wan, Hong Kong [1] - Shareholders of record as of May 13, 2025, are entitled to attend and vote at the AGM [6] Group 2: Annual Reports - The Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the SEC [2][7] - The Hong Kong annual report for the same fiscal year was also published [8] Group 3: Change of Auditors - KPMG will retire as the Company's auditors at the conclusion of the upcoming AGM [3] - The Board has proposed to appoint Ernst & Young as the new auditors, subject to shareholder approval at the AGM [4][13] - The Audit Committee recommended EY based on their experience, resources, independence, and market reputation [9] Group 4: Auditor Transition - KPMG has audited the Company's financial statements since 2019, and the Board believes that changing auditors will enhance independence and objectivity [10] - There is no disagreement between the Company and KPMG regarding their retirement [11] - The Board expressed gratitude to KPMG for their services over the years [12] Group 5: Company Overview - MINISO is a global value retailer offering trendy lifestyle products with a focus on design, quality, and affordability [14] - The Company has established a significant store network worldwide since its first store opened in China in 2013 [14]
MINISO Group Announces December Quarter and Full Year of 2024 Unaudited Financial Results
Prnewswire· 2025-03-21 08:40
Core Insights - MINISO Group reported a strong financial performance for the full year 2024, with revenue reaching RMB 16,994.0 million (US$ 2,328.2 million), representing a year-over-year increase of 22.8% [5][16] - The company achieved a record gross margin of 44.9%, up from 41.2% in 2023, driven by consistent growth over eight consecutive quarters [5][20] - MINISO's overseas store count reached a milestone of 3,000, contributing significantly to the company's growth strategy [5][9] Financial Highlights - Revenue increased by 22.8% year over year to RMB 16,994.0 million (US$ 2,328.2 million) [5][16] - Gross profit rose by 34.0% year over year to RMB 7,637.1 million (US$ 1,046.3 million) [5][19] - Operating profit increased by 17.6% year over year to RMB 3,315.8 million (US$ 454.3 million) [5][23] - Profit for the period grew by 15.9% year over year to RMB 2,635.4 million (US$ 361.1 million) [5][25] - Adjusted net profit increased by 15.4% year over year to RMB 2,720.6 million (US$ 372.7 million) [5][25] - Cash position was RMB 6,698.1 million (US$ 917.6 million) as of December 31, 2024 [5][27] Operational Highlights - The total number of stores increased by 1,219 to 7,780 as of December 31, 2024, with over 90% of new stores located in overseas markets [5][6] - The number of MINISO stores reached 7,504, with a net increase of 1,091 stores in the full year [5][6] - The number of TOP TOY stores grew to 276, with a record opening of 128 new stores [5][6] Strategic Developments - The company emphasized its globalization strategy, which has led to a compound annual growth rate of over 40% in revenue from overseas markets from 2021 to 2024 [8][9] - MINISO's revenue from overseas markets grew by 41.9% year over year, contributing 39.4% to the total revenue from the MINISO brand [8][17] - The company plans to continue optimizing store layouts and refining product assortments to enhance same-store sales growth [11] Shareholder Returns - MINISO returned RMB 1,574.5 million to shareholders in 2024 through cash dividends and share repurchases [5][10] - A final cash dividend of approximately RMB 739.4 million (US$ 101.3 million) was declared, representing about 50% of the adjusted net profit for the second half of 2024 [13][10] Future Outlook - The company is optimistic about top-line acceleration in 2025, focusing on same-store sales growth and improving sales per square meter [11] - MINISO aims to maintain a reasonable and healthy profit margin while continuing to expand its global footprint [11]
Five Below, Inc. Announces Fourth Quarter and Fiscal 2024 Financial Results
Globenewswire· 2025-03-19 20:01
GAAP Diluted EPS of $3.39 for Q4 and $4.60 for Fiscal 2024 Adjusted Diluted EPS of $3.48 for Q4 and $5.04 for Fiscal 2024 Net Sales Increase of 7.8% for Q4 and 10.4% for Fiscal 2024 ex the 53rd week A reconciliation of adjusted gross profit, adjusted operating income, adjusted net income, and adjusted diluted income per common share to the most directly comparable financial measure presented in accordance with accounting principles generally accepted in the United States ("GAAP") is set forth in the schedul ...
MINISO Group Will Report December Quarter and Full Year 2024 Financial Results on March 21, 2025
Prnewswire· 2025-03-07 08:57
Core Viewpoint - MINISO Group plans to release its financial results for the December quarter and the full year of 2024 on March 21, 2025, before the U.S. market opens [1] Financial Results Announcement - The earnings conference call will take place at 5:00 A.M. Eastern Time on March 21, 2025, with simultaneous interpretation in English [2] - Access to the conference call can be made via a Zoom link or by dialing specific phone numbers provided for various regions [2][3] Company Overview - MINISO Group is a global value retailer known for trendy lifestyle products featuring IP design, with a focus on quality, affordability, and aesthetically pleasing design [5] - The company has established a significant store network worldwide since its first store opening in China in 2013, building the MINISO brand as a globally recognized retail name [5]
Five Below, Inc. Announces Fourth Quarter and Full Year Fiscal 2024 Earnings Release and Conference Call Date
GlobeNewswire News Room· 2025-03-05 21:01
PHILADELPHIA, PA, March 05, 2025 (GLOBE NEWSWIRE) -- Five Below, Inc. (NASDAQ: FIVE), the trend-right, high-quality, extreme-value retailer for tweens, teens and beyond, today announced that its financial results for the fourth quarter and full year of fiscal 2024 will be released after market close on Wednesday, March 19, 2025. The company will host a conference call at 4:30 p.m. Eastern Time to discuss the financial results. A live audio webcast of the conference call will be available online at investor. ...
Five Below, Inc. Announces Fourth Quarter and Full Year Fiscal 2024 Earnings Release and Conference Call Date
Newsfilter· 2025-03-05 21:01
PHILADELPHIA, PA, March 05, 2025 (GLOBE NEWSWIRE) -- Five Below, Inc. (NASDAQ:FIVE), the trend-right, high-quality, extreme-value retailer for tweens, teens and beyond, today announced that its financial results for the fourth quarter and full year of fiscal 2024 will be released after market close on Wednesday, March 19, 2025. The company will host a conference call at 4:30 p.m. Eastern Time to discuss the financial results. A live audio webcast of the conference call will be available online at investor.f ...