Five Below, Inc.
Five Below Reports First Quarter Fiscal 2024 Financial Results
Summary
Five Below, Inc. reported an 11.8% increase in net sales to $811.9 million for the first quarter of fiscal 2024. GAAP diluted EPS was $0.57, while adjusted diluted EPS was $0.60. The company opened 61 new stores during the quarter, bringing the total to 1,605. The company also updated its full-year 2024 guidance, expecting net sales in the range of $3.79 billion to $3.87 billion and adjusted diluted EPS between $5.00 and $5.40.
Profitelligence Alerts
Get alerts for FIVE
Be first to know when Five Below, Inc. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Five Below, Inc.
Five Below, Inc. is a specialty discount retailer that offers a diverse range of products primarily aimed at tweens, teens, and young adults, all at affordable prices ranging typically from $1 to $5. Its primary function is to provide a fun shopping experience with an ever-changing product assortment, which includes items such as toys, tech accessories, games, fitness goods, and home décor. The company plays a pivotal role in the retail sector, particularly focusing on value-driven merchandising and the expectation of fun bargains, impacting consumer spending habits, especially among younger demographics. Founded in 2002 and headquartered in Philadelphia, Pennsylvania, Five Below has expanded rapidly across the United States, strategically placing stores in high-traffic locations like strip malls and shopping centers. This positions Five Below as a significant player in the discount retail market, appealing to cost-conscious consumers with its unique and dynamic shopping environment.
Official SEC Documents
Advertisement