tradepost.ai Logo
Newsletter InsightsSEC AnalysisAI Top20 IndexPricing
Log in
Start free trial
tradepost.ai Logo

Empowering Traders with AI

Quick Links

Newsletter InsightsSEC AnalysisPricingFAQ

Legal

Privacy PolicyCookies PolicySecurity Disclosure PolicyTerms & ConditionsDisclaimer

Copyright © 2025 Dutchcode B.V. All rights reserved.

10-Q - FIVE BELOW, INC (0001177609) (Filer)

Thu, Jun 5, 9:32 PM (15 days ago)

**Five Below, Inc. (FIVE) Q1 2025 Financial Summary** **Company Overview:** Five Below, Inc. (FIVE) is a specialty value retailer targeting the tween and teen demographic, with most products priced at $5 and below. As of May 3, 2025, the company operated 1,826 stores across 44 states and also sells merchandise online through its e-commerce platform. **Financial Performance:** * **Revenue:** Net sales increased by 19.5% to $970.5 million for the thirteen weeks ended May 3, 2025, compared to $811.9 million in the same period last year. This growth was driven by a 7.1% increase in comparable sales and a $103.3 million increase in non-comparable sales due to new store openings. * **Profit Margins:** Gross margin improved by 90 basis points to 33.4%, while operating margin increased to 5.2% from 4.5% in the prior year. The effective tax rate was 27.2%, up from 23.5% in the previous year. * **Net Income:** Net income rose by 30.8% to $41.1 million, reflecting the company's strong sales growth and improved profit margins. * **Cash Flow:** Net cash provided by operating activities increased significantly to $132.7 million, driven by improved store performance and changes in working capital. Capital expenditures were $35.7 million, primarily for new store openings and infrastructure investments. **Key Metrics and Trends:** * **Store Count:** Five Below opened 221 net new stores in fiscal 2024 and plans to open approximately 150 net new stores in fiscal 2025. * **E-commerce:** E-commerce sales are included in net sales and comparable sales, with expenses classified as both cost of goods sold and selling, general, and administrative expenses. * **Share Repurchase:** The company has a share repurchase program for up to $100 million of common stock through November 27, 2026. No repurchases were made during the thirteen weeks ended May 3, 2025. * **Legal Proceedings:** The company is facing class-action lawsuits related to public statements made, but management believes these actions are without merit and does not expect a material adverse effect on financial condition or results of operations. **Future Operations and Uncertainties:** * Five Below plans to invest approximately $210 million to $230 million in capital expenditures in fiscal 2025, primarily for new store openings and infrastructure projects. * The company faces various risks, including inflation, supply chain disruptions, competition, and regulatory changes. However, management believes its strong financial position and growth strategy will enable it to navigate these challenges. * Five Below's business is seasonal, with net sales typically highest in the fourth fiscal quarter due to the year-end holiday season. Historical results may not be indicative of future performance.