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May 23, 2015 9:30 AM ET

Specialty Retail

Company Overview of Five Below, Inc.

Company Overview

Five Below, Inc. operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including 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, such as hand weights, jump ropes, and gym balls; games, including name brand...

1818 Market Street

Suite 2000

Philadelphia, PA 19103

United States

Founded in 2002

1,200 Employees

Phone:

215-546-7909

Key Executives for Five Below, Inc.

Chief Executive Officer, President and Director
Age: 49
Total Annual Compensation: $328.2K
Co-Founder and Executive Chairman
Age: 59
Total Annual Compensation: $700.0K
Co-Founder and Chairman Emeritus
Age: 59
Total Annual Compensation: $600.0K
Chief Financial Officer, Treasurer and Secretary
Age: 51
Total Annual Compensation: $378.7K
Executive Vice President of Merchandising
Total Annual Compensation: $17.3K
Compensation as of Fiscal Year 2014.

Five Below, Inc. Key Developments

Five Below to Open First Stores in Kansas City

Five Below announced its initial entry into Kansas City with the opening of three stores on May 15, 2015. The three approximately 7,500 square foot, Kansas City stores will carry a dynamic selection of trend-right, high-quality merchandise, all priced at $5 and below. Five Below products are grouped into one of eight in-store worlds: Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Five Below's unique assortment features leading brands such as Lego®, Wilson®, Hasbro™ and Peeps® and hot licenses from Disney® and Marvel® such as Frozen, Despicable Me, Avengers and Star Wars™. Rounding out the assortment is merchandise packed with quality and value made exclusively for Five Below. The stores are located in Tiffany Springs Market Center (8960 NW Skyview, Kansas City, MO 64154); Adam's Dairy Landing (1016 NE Coronado Drive, Blue Springs, MO 64014) and Olathe Pointe Shopping Center (14635 W 119th Street, Olathe KS 66062).

Five Below, Inc. Appoints Kathleen Barclay and Catherine Buggeln as Independent Members of its Board

Five Below, Inc. appointed Kathleen "Katy" Barclay and Catherine "Kate" Buggeln as independent members of its board.

Five Below, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2015; Provides Earnings Guidance for the First Quarter and Full Year 2015

Five Below, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended January 31, 2015. For the quarter, net sales were $263,756,000 against $211,964,000 a year ago. Operating income was $52,939,000 against $40,341,000 a year ago. Income before income taxes was $52,914,000 against $40,051,000 a year ago. Net income attributable to common shareholders was $33,313,000 against $24,512,000 a year ago. Diluted income per common share was $0.61 against $0.45 a year ago. Adjusted operating income was $52,939,000 against $41,856,000 a year ago. Adjusted net income was $33,313,000 against $25,782,000 a year ago. Adjusted diluted income per common share was $0.61 against $0.47 a year ago. E For the full year, net sales were $680,218,000 against $535,402,000 a year ago. Operating income was $77,016,000 against $53,737,000 a year ago. Income before income taxes was $76,659,000 against $51,958,000 a year ago. Net income attributable to common shareholders was $48,004,000 against $31,677,000 a year ago. Diluted income per common share was $0.88 against $0.59 a year ago. Net cash provided by operating activities was $61,430,000 against $31,187,000 a year ago. Capital expenditures were $32,322,000 against $25,931,000 a year ago. Adjusted operating income was $77,874,000 against $60,797,000 a year ago. Adjusted net income was $48,558,000 against $36,891,000 a year ago. Adjusted diluted income per common share was $0.89 against $0.68 a year ago. For the first quarter of 2015, net sales are expected to be in the range of $150 million to $152 million based on opening 18 new stores and assuming a 1.0% to 2.0% increase in comparable store sales. GAAP net income is expected to be in the range of $3.2 million to $3.8 million, with a GAAP diluted income per common share range of $0.06 to $0.07 on approximately 54.8 million estimated diluted weighted average shares outstanding. For the fiscal 2015, net sales are expected to be in the range of $816 million to $824 million based on opening 70 new stores for the full year and assuming an approximate 3% increase in comparable store sales. GAAP net income is expected to be in the range of $55.9 million to $57.7 million, with a GAAP diluted income per common share of $1.02 to $1.05 on approximately 55.0 million estimated diluted weighted average shares outstanding. Effective tax rate to be approximately 37.5%. The company plans to spend CapEx in total approximately $56 million.

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