Five Below

Five Below is a chain of discount stores that sells products that cost up to $5. The chain is aimed at teens and pre-teens, but has many adult products as well. Stores are typically located in strip malls as opposed to standing alone. A large portion of Five Belows are located in college towns. While products at Five Below can be from any category, some items carried by the store include trading cards, sports related items, games, fashion accessories, bath and body related items, candy, beverages, room decorations, school supplies and stationery, books, accessories for electronics, DVDs, computer software, novelty items and gag items, as well as seasonal items.

Company Growth (employees)

Type

Public

Philadelphia, US

Founded

2002

Size (employees)

1,800 (est)+20%

Website

fivebelow.com

Five Below was founded in 2002 and is headquartered in Philadelphia, US

Key People at Five Below

Thomas Vellios

CEO & Director

Kenneth Bull

CFO, Secretary & Treasurer

Joel D. Anderson

President & COO

Five Below Office Locations

Five Below has an office in Philadelphia

Philadelphia, US (HQ)

2000 1818 Market St

Five Below Data and Metrics

Five Below Financial Metrics

Five Below's revenue was reported to be $232.9 m in Q1, 2017

Summary

USD

Five Below's current market capitalization is $2.6 b.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	535.4 m	680.2 m	832 m	1 b	1 b
Revenue growth, %		27%	22%	20%
Cost of goods sold	347.4 m	442.4 m	540 m	643.4 m	643.4 m
Gross profit	188 m	237.8 m	291.9 m	357 m	357 m
Gross profit Margin, %	35%	35%	35%	36%	36%
General and administrative expense					243.1 m
Operating expense total					243.1 m
EBIT	53.7 m	77 m	92.9 m	114 m	114 m
EBIT margin, %	10%	11%	11%	11%	11%
Interest expense	1.5 m	125 k		299 k	(299 k)
Interest income				299 k	(299 k)
Pre tax profit	52 m	76.7 m	92.7 m	114.3 m	114.3 m
Income tax expense	19.8 m	28.6 m	35 m	42.4 m	42.4 m
Net Income	32.1 m	48 m	57.7 m	71.8 m	71.8 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	152.5 m	138 m	153.7 m	182.2 m	169.7 m	192.7 m	220.1 m	199.5 m	232.9 m
Cost of goods sold	101.6 m	96.4 m	106.6 m	122.4 m	116.9 m	132.4 m	146.8 m	135.5 m	159.1 m
Gross profit	50.9 m	41.6 m	47.2 m	59.8 m	52.8 m	60.3 m	73.4 m	64 m	73.8 m
Gross profit Margin, %	33%	30%	31%	33%	31%	31%	33%	32%	32%
General and administrative expense	37.6 m	36.1 m	40.1 m	48.3 m	45.8 m	49.5 m	57.6 m	55.4 m	61 m
Operating expense total	37.6 m	36.1 m	40.1 m	48.3 m	45.8 m	49.5 m	57.6 m	55.4 m	61 m
EBIT	13.3 m	5.5 m	7 m	11.6 m	7 m	10.8 m	15.7 m	8.6 m	12.8 m
EBIT margin, %	9%	4%	5%	6%	4%	6%	7%	4%	5%
Interest expense	10 k	6 k	9 k	2 k	(23 k)	74 k	73 k	64 k
Interest income					(23 k)	74 k	73 k	64 k
Pre tax profit	13.3 m	5.5 m	7 m	11.2 m	7 m	10.8 m	15.8 m	8.7 m	13.1 m
Income tax expense	5 m	2.2 m	2.7 m	4.2 m	2.7 m	4.1 m	5.9 m	3.2 m	4.7 m
Net Income	11.4 m	14.7 m	4.3 m	11.3 m	15.7 m	6.8 m	16.6 m	22.1 m	8.4 m

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	50.2 m	63.2 m	53.1 m	76.1 m	76.1 m
Inventories	89.4 m	115.7 m	148.4 m	154.4 m	154.4 m
Current Assets	160.9 m	207.6 m	264.7 m	339.8 m	339.8 m
PP&E	70.4 m	87 m	119.8 m	138.4 m	138.4 m
Total Assets	232.1 m	294.9 m	393.3 m	500.5 m	500.5 m
Accounts Payable	34 m	39.2 m	58.2 m	51.2 m	51.2 m
Current Liabilities	79.7 m	79.4 m	102.2 m	116.6 m	116.6 m
Total Liabilities					169.1 m
Additional Paid-in Capital	284.6 m	294 m	306.5 m	321.6 m	321.6 m
Retained Earnings	(168.3 m)	(120.3 m)	(62.6 m)	9.3 m	9.3 m
Total Equity			244.5 m	331.4 m	331.4 m
Financial Leverage			1.6 x	1.5 x	1.5 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	25.6 m	5.3 m	52.4 m	60.9 m	18.1 m	25.8 m	67.1 m	53.5 m	65.2 m
Inventories	106.7 m	167.2 m	119.8 m	123.8 m	213.6 m	156.3 m	154.8 m	228.2 m	180 m
Current Assets	159.6 m	204.3 m	204.6 m	224.8 m	275.8 m	264 m	278.9 m	330.6 m	389.6 m
Total Assets	244.1 m	290.4 m	303 m	339.3 m	397.4 m	396.7 m	421.1 m	476.9 m	556.9 m
Accounts Payable	46.5 m	82.9 m	42.1 m	66.6 m	110.1 m	57.8 m	59.6 m	104.7 m	78 m
Current Liabilities	70.9 m	111.2 m	77.5 m	99.4 m	151 m	93 m	100.1 m	145.5 m	155 m
Additional Paid-in Capital	289.1 m	291.9 m	297.2 m	300.8 m	303.5 m	309.6 m	315.1 m	318.1 m	326 m
Retained Earnings	(156.9 m)	(153.6 m)	(116 m)	(108.9 m)	(104.6 m)	(55.8 m)	(46 m)	(40.5 m)	17.6 m
Total Equity				192.4 m	199.5 m	254.3 m	269.7 m	278.2 m	344.2 m
Financial Leverage				1.8 x	2 x	1.6 x	1.6 x	1.7 x	1.6 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	32.1 m	48 m	57.7 m	71.8 m	71.8 m
Depreciation and Amortization	13.5 m	17.2 m	22.2 m	26.6 m	26.6 m
Inventories	(29 m)	(26 m)	(33 m)	(6.1 m)	(6.1 m)
Accounts Payable	4.1 m	3.1 m	17.6 m	(5.5 m)	(5.5 m)
Cash From Operating Activities	31.2 m	61.4 m	87.9 m	106.6 m	106.6 m
Capital Expenditures	(25.9 m)	(32.3 m)	(53.1 m)	(44.8 m)	(44.8 m)
Cash From Investing Activities	(25.9 m)	(32.3 m)	(99.4 m)	(86.8 m)	(86.8 m)
Cash From Financing Activities	(11.2 m)	(16.1 m)	1.4 m	3.1 m	3.1 m
Interest Paid	1.3 m	129 k	25 k	10 k	10 k
Income Taxes Paid	25 m	21.6 m	36.9 m	31.8 m	31.8 m
Free Cash Flow	57.1 m	93.8 m	141 m	151.4 m	61.8 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	11.4 m	14.7 m	4.3 m	11.3 m	15.7 m	6.8 m	16.6 m	22.1 m	8.4 m
Depreciation and Amortization	8 m	12.6 m	4.7 m	10.2 m	16.1 m	6.1 m	12.7 m	19.4 m	7.3 m
Inventories	(17.4 m)	(77.8 m)	(4.2 m)	(8.2 m)	(98 m)	(7.9 m)	(6.4 m)	(79.8 m)	(25.6 m)
Accounts Payable	11.8 m	46.5 m	(7.3 m)	17.4 m	65 m	(4.3 m)	2 m	47.2 m	24.9 m
Cash From Operating Activities	12.6 m	(3.6 m)	(784 k)	26.3 m	(1.5 m)	(10.5 m)	16.4 m	(2.9 m)	33.7 m
Capital Expenditures	(19.7 m)	(24.8 m)	(10.7 m)	(29.9 m)	(44.7 m)	(7.5 m)	(22.4 m)	(35.7 m)	(12.8 m)
Cash From Investing Activities	(19.7 m)	(24.8 m)	(10.7 m)	(29.9 m)	(44.7 m)	(17.1 m)	(5 m)	709 k	(45 m)
Cash From Financing Activities	(17.6 m)	(16.5 m)	727 k	1.4 m	1.2 m	195 k	2.6 m	2.6 m	375 k
Interest Paid	97 k	97 k
Income Taxes Paid	12.4 m	19.6 m
Free Cash Flow	(7.1 m)	(28.4 m)	(11.5 m)	(3.6 m)	(46.3 m)	(18 m)	(6 m)	(38.6 m)	20.9 m

Ratios

	Y, 2017
Financial Leverage	1.6 x

Five Below Market Value History

Market Position of Five Below

Competitors

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Retail - Public

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Steinhoff International

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Compare competitors

Five Below

Company Growth (employees)

Key People at Five Below

Thomas Vellios

Kenneth Bull

Joel D. Anderson

Five Below Office Locations

Five Below Data and Metrics

Five Below Financial Metrics

Summary

Revenue (Q1, 2017)

Gross profit (Q1, 2017)

Gross profit margin (Q1, 2017), %

Net income (Q1, 2017)

EBIT (Q1, 2017)

Market capitalization (25-Jul-2017)

Cash (29-Apr-2017)

Income Statement

Revenue

Revenue growth, %

Cost of goods sold

Gross profit

Gross profit Margin, %

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Interest income

Pre tax profit

Income tax expense

Net Income

Revenue

Cost of goods sold

Gross profit

Gross profit Margin, %

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Interest income

Pre tax profit

Income tax expense

Net Income

Balance Sheet

Cash

Inventories

Current Assets

PP&E

Total Assets

Accounts Payable

Current Liabilities

Total Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash

Inventories

Current Assets

Total Assets

Accounts Payable

Current Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash Flow

Net Income

Depreciation and Amortization

Inventories

Accounts Payable

Cash From Operating Activities

Capital Expenditures

Cash From Investing Activities

Cash From Financing Activities

Interest Paid

Income Taxes Paid

Free Cash Flow