Company Overview of Five Below, Inc.
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
Philadelphia, PA 19103
Founded in 2002
Key Executives for Five Below, Inc.
Chief Executive Officer, President and Director
Total Annual Compensation: $950.0K
Co-Founder and Executive Chairman
Total Annual Compensation: $600.0K
Chief Financial Officer, Secretary and Treasurer
Total Annual Compensation: $400.0K
Executive Vice President of Merchandising
Total Annual Compensation: $450.0K
Chief Administrative Officer
Total Annual Compensation: $595.0K
Compensation as of Fiscal Year 2015.
Five Below, Inc. Key Developments
Five Below Opens First Minnesota Location in St. Cloud
Oct 4 16
Five Below has announced the opening of its first Minnesota location in St. Cloud. Five Below will also be opening two other Minnesota locations in Brooklyn Center and Osseo on October 7, 2016. The Minnesota store is one of approximately 85 new Five Below stores opening in 2016, in addition to 71 new stores that opened in 2015. The St. Cloud store is located at Marketplace Shopping Center, 20 2nd Street South, Waite Park, MN 56387. Store hours for this location will be Monday through Saturday, 10 a.m. to 9 p.m., and Sunday from 10 a.m. to 6 p.m. The two other Minnesota locations will open at 10 a.m. on October 7, 2016 at Shingle Creek Crossing, 1341 Brookdale Center, Brooklyn Center, MN 55430 and Maple Grove Crossing, 8028 Wedgewood Lane, Osseo, MN 55369.
Five Below, Inc. Reports Unaudited Consolidated Earnings Results for the Thirteen and Twenty-Six Weeks Ended July 30, 2016; Provides Earnings Guidance for the Third Quarter Ending October 29, 2016; Revises Earnings Guidance for the Full Year of Fiscal 2016
Aug 31 16
Five Below, Inc. reported unaudited consolidated earnings results for the thirteen and twenty-six weeks ended July 30, 2016. For the second quarter, the company reported net sales were $220,130,000 against $182,191,000 a year ago. Operating income was $15,714,000 against $11,557,000 a year ago. Income before income taxes was $15,787,000 against $11,230,000 a year ago. Net income attributable to common shareholders was $9,847,000 against $7,061,000 a year ago. Basic and diluted income per common share was $0.18 against $0.13 a year ago. Comparable store sales increased 3.1% for the second quarter of 2016, as compared to a 3% comp increase in the second quarter of 2015. This comp increase was driven by an increase in average ticket offset in part by a slight decline in transactions.
For the six months, the company reported net sales were $412,845,000 against $335,918,000 a year ago. Operating income was $26,466,000 against $18,578,000 a year ago. Income before income taxes was $26,613,000 against $18,242,000 a year ago. Net income attributable to common shareholders was $16,605,000 against $11,339,000 a year ago. Basic and diluted income per common share was $0.30 against $0.21 a year ago. Net cash provided by operating activities was $16,391,000 against $26,254,000 a year ago. Capital expenditures were $22,372,000 against $29,901,000 a year ago.
For the third quarter ending October 29, 2016, net sales are expected to be in the range of $199 million to $202 million based on opening 25 new stores and assuming a 1% to 2% increase in comparable sales. Net income is expected to be in the range of $4.7 million to $5.3 million, with a diluted income per common share range of $0.09 to $0.10 on approximately 55.2 million estimated diluted weighted average shares outstanding.
For fiscal 2016, the company is raising previously provided sales and earnings outlook. Net sales are expected to be in the range of $1,000 million to $1,009 million based on opening 85 new stores for the full year and assuming an approximate 3% increase in comparable sales. Net income is expected to be in the range of $70.4 million to $72.7 million, with a diluted income per common share of $1.28 to $1.32 on approximately 55.3 million estimated diluted weighted average shares outstanding. The company expects full-year effective tax rate of approximately 37.5%. With respect to CapEx, company plan to spend in total approximately $40 million in 2016, reflecting the opening of 85 new stores, investing in distribution centers and corporate infrastructure, including systems.
Five Below, Inc. Announces the Opening of 500 Store in Trexlertown, Pennsylvania
Aug 30 16
Five Below, Inc. has announced the opening of its 500 store in Trexlertown, Pennsylvania on September 9, 2016. The Trexlertown store is one of approximately 85 new Five Below stores opening in 2016, in addition to 71 new stores that opened in 2015. It is also one of 59 Five Below stores in the company's home state of Pennsylvania. Catering to pre-teens, teens and beyond, Five Below carries an ever-evolving and super exciting assortment of cell phone cases and chargers, remote control cars, licensed collectibles, yoga pants, graphic tees, nail polishes, baseballs and basketballs, tons of candy and all the seasonal gotta haves. Everything, every day, is just $5 and below. Its stores are a vibrant, colorful and high-energy destination. The Trexlertown store is located at Hamilton Crossings, 833 N. Krocks Road, Allentown, PA 18106.
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