January 24, 2017 2:59 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, as well as provides 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, inc...

1818 Market Street

Suite 2000

Philadelphia, PA 19103

United States

Founded in 2002

1,500 Employees

Phone:

215-546-7909

Fax:

215-546-8099

Key Executives for Five Below, Inc.

Chief Executive Officer, President and Director
Age: 51
Total Annual Compensation: $950.0K
Co-Founder and Executive Chairman
Age: 61
Total Annual Compensation: $600.0K
Chief Financial Officer, Secretary and Treasurer
Age: 53
Total Annual Compensation: $400.0K
Executive Vice President of Merchandising
Total Annual Compensation: $450.0K
Chief Administrative Officer
Age: 58
Total Annual Compensation: $595.0K
Compensation as of Fiscal Year 2015.

Five Below, Inc. Key Developments

Five Below, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2016

Five Below, Inc. provided earnings guidance for the fourth quarter and full year 2016. For the fourth quarter, net sales are now expected to be in the range of $386 million to $388 million, or growth of 18% to 19% assuming a comparable sales increase of approximately 1%. Diluted income per common share is expected to be in the range of $0.88 to $0.89, or approximately 14% to 16% growth. For the full year fiscal 2016, net sales are now expected to be in the range of $998 million to $1,000 million, or growth of 20% assuming a comparable sales increase of approximately 2%. Diluted income per common share is expected to be in the range of $1.28 to $1.29, or approximately 22% to 23% growth.

Five Below, Inc. Reports Unaudited Consolidated Earnings Results for the Thirteen and Thirty-Nine Weeks Ended October 29, 2016; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2016; to Open Net New Stores

Five Below, Inc. reported unaudited consolidated earnings results for the thirteen and thirty-nine weeks ended October 29, 2016. For the third quarter, the company reported net sales were $199,475,000 against $169,685,000 a year ago. Operating income was $8,631,000 against $6,997,000 a year ago. Income before income taxes was $8,695,000 against $7,020,000 a year ago. Net income was $5,447,000 against $4,337,000 a year ago. Basic and diluted income per common share was $0.10 against $0.08 a year ago. For the nine months, the company reported net sales were $612,320,000 against $505,603,000 a year ago. Operating income was $35,097,000 against $25,575,000 a year ago. Income before income taxes was $35,308,000 against $25,262,000 a year ago. Net income was $22,052,000 against $15,676,000 a year ago. Basic and diluted income per common share was $0.40 against $0.29 a year ago. Net cash used in operating activities was $2,870,000 against $1,506,000 a year ago. Capital expenditures were $35,714,000 against $44,749,000 a year ago. The company provided earnings guidance for the fourth quarter and full year of 2016. For the quarter, net sales are expected to be in the range of $391 million to $397 million based on opening 5 net new stores and assuming a 2% to 3% increase in comparable sales. Net income is expected to be in the range of $49.2 million to $50.6 million, with a diluted income per common share range of $0.89 to $0.92 on approximately 55.3 million estimated diluted weighted average shares outstanding. For the year 2016, net sales are expected to be in the range of $1,003 million to $1,009 million based on opening 85 net new stores for the full year and assuming a 2.3% to 2.7% increase in comparable sales. Net income is expected to be in the range of $71.3 million to $72.7 million, with a diluted income per common share of $1.29 to $1.32 on approximately 55.3 million estimated diluted weighted average shares outstanding. The company expects to open opening 5 net new stores in the fourth quarter and 85 net new stores for the full year 2016.

Five Below, Inc. Presents at 2017 ICR Conference, Jan-10-2017 08:30 AM

Five Below, Inc. Presents at 2017 ICR Conference, Jan-10-2017 08:30 AM. Venue: JW Marriott Orlanbeado Grande Lakes, Orlando, Florida, United States.

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Recent Private Companies Transactions

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