April 16, 2014 4:02 PM ET

Specialty Retail

Company Overview of Five Below, Inc.

Company Overview

Five Below, Inc. operates as a specialty value retailer in the United States. The company offers various products priced at $5 and below. It offers accessories, such as novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, and ‘attitude’ T-shirts, as well as beauty products, including nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space comprising glitter lamps, posters, frames, fleece blankets, pillows, candles, incense and related items, and storage options for the customer’s room and locker. The company also provides sport balls; team sports merchandise and fitness accessories, including hand weights, jump ropes...

1818 Market Street

Suite 2000

Philadelphia, PA 19103

United States

Founded in 2002

1,000 Employees

Phone:

215-546-7909

Fax:

215-546-8099

Key Executives for Five Below, Inc.

Co-Founder
Age: 58
Total Annual Compensation: $727.4K
Co-Founder and Executive Chairman
Age: 58
Total Annual Compensation: $623.6K
Chief Financial Officer
Age: 50
Total Annual Compensation: $327.4K
Compensation as of Fiscal Year 2012.

Five Below, Inc. Key Developments

Five Below, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended February 1, 2014; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2014

Five Below, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended February 1, 2014. For the quarter, the company reported net sales of $211,964,000 against $173,589,000 for the same period in the last year. Operating income was $40,341,000 against $33,043,000 for the same period in the last year. Income before income taxes was $40,051,000 against $32,648,000 for the same period in the last year. Net income attributable to common shareholders was $24,512,000 or $0.45 per diluted share against $18,712,000 or $0.35 per diluted share for the same period in the last year. Adjusted operating income was $41,856,000 against $35,558,000 for the same period in the last year. Adjusted net income was $25,782,000 against $21,373,000 for the same period in the last year. Adjusted diluted income per common share was $0.47 against $0.39 for the same period in the last year. For the year, the company reported net sales of $535,402,000 against $418,825,000 for the same period in the last year. Operating income was $53,737,000 against $37,654,000 for the same period in the last year. Income before income taxes was $51,958,000 against $34,094,000 for the same period in the last year. Net income attributable to common shareholders was $31,677,000 or $0.59 per diluted share against net loss attributable to common shareholders of $45,378,000 or $1.28 per diluted share for the same period in the last year. Net cash provided by operating activities was $31,187,000 against $30,363,000 for the same period in the last year. Capital expenditures was $25,931,000 against $22,890,000 for the same period in the last year. Adjusted operating income was $60,797,000 against $49,451,000 for the same period in the last year. Adjusted net income was $36,891,000 against $27,449,000 for the same period in the last year. Adjusted diluted income per common share was $0.68 against $0.51 for the same period in the last year. For the first quarter of fiscal 2014, net sales are expected to be in the range of $120 million to $122 million based on opening 14 new stores and assuming a 3% to 4% increase in comparable store sales. GAAP net income is expected to be in the range of $2.0 million to $2.5 million, with a GAAP diluted income per common share range of $0.04 to $0.05 on approximately 54.3 million estimated diluted weighted average shares outstanding. Excluding $0.5 million, or $0.01 per adjusted diluted share in tax-effected expenses related to the founders' transaction, adjusted net income is expected to be approximately $2.5 million to $3.0 million, or $0.05 to $0.06 per diluted share based on estimated adjusted diluted weighted average shares outstanding of approximately 54.7 million. For fiscal 2014, net sales are expected to be in the range of $672 million to $678 million based on opening 62 new stores for the full year and assuming a 4% increase in comparable store sales. GAAP net income is expected to be in the range of $46.4 million to $48.0 million, with a GAAP diluted income per common share of $0.85 to $0.88 on approximately 54.7 million estimated diluted weighted average shares outstanding. Excluding $0.5 million, or $0.01 per adjusted diluted share in tax-effected expenses related to the founders' transaction, adjusted net income is expected to be in the range of $46.9 million to $48.5 million, or $0.86 to $0.89 per diluted share based on estimated adjusted diluted weighted average shares outstanding of approximately 54.8 million. For 2014, the company’s capital expenditure will be $35 million.

Five Below, Inc., Q4 2014 Earnings Call, Mar 25, 2014

Five Below, Inc., Q4 2014 Earnings Call, Mar 25, 2014

Five Below, Inc. to Report Q4, 2014 Results on Mar 25, 2014

Five Below, Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 25, 2014

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