Five Below, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended February 03, 2024
March 20, 2024 at 08:19 pm
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Five Below, Inc. reported earnings results for the fourth quarter and full year ended February 03, 2024. For the fourth quarter, the company reported sales was USD 1,337.74 million compared to USD 1,122.75 million a year ago. Net income was USD 202.2 million compared to USD 171.32 million a year ago. Basic earnings per share from continuing operations was USD 3.66 compared to USD 3.09 a year ago. Diluted earnings per share from continuing operations was USD 3.65 compared to USD 3.07 a year ago.
For the full year, sales was USD 3,559.37 million compared to USD 3,076.31 million a year ago. Net income was USD 301.11 million compared to USD 261.53 million a year ago. Basic earnings per share from continuing operations was USD 5.43 compared to USD 4.71 a year ago. Diluted earnings per share from continuing operations was USD 5.41 compared to USD 4.69 a year ago.
Five Below, Inc. is a specialty value retailer offering merchandise targeted at the tween and teen demographic. Its assortment of products, including select brands and licensed merchandise. It is engaged in offering a group of products, including leisure, fashion and home, and snack and seasonal. Leisure includes items, such as sporting goods, games, toys, tech, books, electronic accessories, arts and crafts, and party. Fashion and home include items, such as personal accessories, attitude t-shirts, beauty offerings, home goods and storage options. Snack and seasonal include items, such as seasonal goods, greeting cards, candy and other snacks, and beverages. It also offers its merchandise on the Internet, through its fivebelow.com e-commerce Website, offering home delivery and the option to buy online and pick up in store. It also sells its merchandise through on-demand third-party delivery services to enable its customers to shop online and receive convenient delivery.
FIVE BELOW, INC. 
