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April 01, 2015 2:19 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. 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

Fax:

215-546-8099

Key Executives for Five Below, Inc.

Co-Founder and Executive Chairman
Age: 59
Total Annual Compensation: $700.0K
Co-Founder and Director
Age: 59
Total Annual Compensation: $600.0K
Chief Financial Officer, Treasurer and Secretary
Age: 51
Total Annual Compensation: $336.4K
Compensation as of Fiscal Year 2013.

Five Below, Inc. Key Developments

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.

Five Below to Open First Stores in Louisville, Kentucky

Five Below announced its initial entry into Kentucky with the opening of its first stores in Louisville on March 20th. The company expects to cut the ribbon on approximately 70 new stores in the year 2015, on top of opening 62 stores in 2014. Catering to teens, pre-teens and their parents, Five Below carries an ever-evolving and assortment of cell phone cases and chargers, remote control cars, yoga pants, graphic tees, nail polish, baseball and soccer balls, tons of candy and seasonal must-haves for Easter, Summer, Back-to-School, Christmas and more. Everything, everyday, is just $5 and below. Its stores are a vibrant, colorful and high-energy destination. The two approximately 7,500 square foot, Louisville stores will carry a dynamic selection of trend-right, high-quality merchandise, all priced at $5 and below. The stores are located in Jefferson Commons (4901 Outer Loop, Louisville KY 40219); and Middletown Commons (13401 Shelbyville Road, Louisville, KY 40243). Store hours for each location will be Monday through Saturday, 10 a.m. to 9 p.m., and Sunday from 10 a.m. to 6 p.m.

Five Below Names New Board Members

Five Below, Inc. announced that Kathleen "Katy" Barclay and Catherine "Kate" Buggeln have been appointed independent members of its Board of Directors, effective March 10, 2015. Currently, Ms. Barclay serves as Senior Vice President of Human Resources for Kroger Co. Ms. Buggeln currently serves as a member of the Board for publicly traded Vitamin Shoppe, Inc. and Ascena Retail Group.

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