--- schema_version: "secwatch.filing_event.v1" accession: "0001177609-24-000005" form_type: "8-K" ticker: "FIVE" cik: "0001177609" company_name: "FIVE BELOW, INC" filed_at: "2024-03-20T23:59:59+00:00" generated_at: "2026-06-04T11:19:33.458061+00:00" event_type: "earnings" sentiment: "positive" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Five Below Q4 EPS $3.65, net sales $1.34B; guides FY24 EPS $5.71-$6.22 ## Summary - Q4 net sales up 19.1% to $1.34B; comparable sales +3.1%; diluted EPS $3.65 (+19% YoY). - Full year net sales $3.56B (+15.7%); diluted EPS $5.41; 204 net new stores opened in FY23. - Higher-than-anticipated shrink headwinds offset profitability; no improvement baked into FY24 outlook. - FY24 guidance: net sales $3.97-$4.07B; diluted EPS $5.71-$6.22; plans 225-235 new stores, ~200 Five Beyond conversions. - Repurchased ~500,000 shares for $80.0M in fiscal 2023. ## SEC filing metadata - accession: 0001177609-24-000005 - form_type: 8-K - ticker: FIVE - cik: 0001177609 - company_name: FIVE BELOW, INC - filed_at: 2024-03-20T23:59:59+00:00 - event_type: earnings - sentiment: positive - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 2.02, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1177609/000117760924000005/0001177609-24-000005-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177609/000117760924000005/five-20240320.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001177609-24-000005 - JSON: https://secwatch.observer/filing/0001177609-24-000005.json - Plain text: https://secwatch.observer/filing/0001177609-24-000005.txt ## Key facts - Earnings Releases FIVE BELOW, INC reported fourth quarter of fiscal 2023 results: revenue $1.34 billion, net income $202.2 million, EPS $3.65. - Period: fourth quarter of fiscal 2023 - Revenue: $1.34 billion - Net income: $202.2 million - EPS: $3.65 - Result: reported results source text: For the fourth quarter ended February 3, 2024: • Net sales increased by 19.1% to $1.34 billion from $1.12 billion in the fourth quarter of fiscal 2022. Excluding the impact of the 53rd week in fiscal 2023, net sales increased 14.9%; comparable sales increased by 3.1% on a thirteen week basis. • Net sales in the 53rd week were $48.1 million and represented approximately $0.15 cents in diluted earnings per share. • The Company opened 63 net new stores and ended the quarter with 1,544 stores in 43 states. This represents an increase in stores of 15.2% from the end of the fourth quarter of fiscal 2022. • Operating income was $268.4 million compared to $225.8 million in the fourth quarter of fiscal 2022. • The effective tax rate was 25.8% compared to 24.8% in the fourth quarter of fiscal 2022. • Net income was $202.2 million compared to $171.3 million in the fourth quarter of fiscal 2022. • Diluted income per common share was $3.65 compared to $3.07 in the fourth quarter of fiscal 2022. The evidence_url: https://www.sec.gov/Archives/edgar/data/1177609/000117760924000005/0001177609-24-000005-index.htm - Earnings Releases FIVE BELOW, INC reported full year of fiscal 2023 results: revenue $3.56 billion, net income $301.1 million, EPS $5.41. - Period: full year of fiscal 2023 - Revenue: $3.56 billion - Net income: $301.1 million - EPS: $5.41 - Result: reported results source text: For the fiscal year ended February 3, 2024: • Net sales increased by 15.7% to $3.56 billion from $3.08 billion in fiscal 2022. Excluding the impact of the 53rd week in fiscal 2023, net sales increased 14.1%; comparable sales increased by 2.8% on a fifty-two week basis. • Net sales in the 53rd week were $48.1 million and represented approximately $0.15 cents in diluted earnings per share. • The Company opened 204 net new stores compared to 150 new stores in fiscal 2022. • Operating income was $385.6 million compared to $345.0 million in fiscal 2022. • The effective tax rate was 24.9% compared to 24.7% in fiscal 2022. • Net income was $301.1 million compared to $261.5 million in fiscal 2022. • Diluted income per common share was $5.41 compared to $4.69 in fiscal 2022. The benefit from share-based accounting was approximately $0.07 in fiscal 2023 compared to approximately $0.04 in fiscal 2022. evidence_url: https://www.sec.gov/Archives/edgar/data/1177609/000117760924000005/0001177609-24-000005-index.htm - Earnings Releases FIVE BELOW, INC reported first quarter of fiscal 2024 results: revenue $826 million to $846 million, net income $32 million to $38 million, EPS $0.58 to $0.69. Guidance initiated. - Period: first quarter of fiscal 2024 - Revenue: $826 million to $846 million - Net income: $32 million to $38 million - EPS: $0.58 to $0.69 - Guidance: initiated - Result: guidance update source text: For the first quarter of Fiscal 2024: • Net sales are expected to be in the range of $826 million to $846 million based on opening approximately 55 to 60 new stores and assuming an approximate flat to 2% increase in comparable sales. • Net income is expected to be in the range of $32 million to $38 million. • Diluted income per common share is expected to be in the range of $0.58 to $0.69 on approximately 55.6 million diluted weighted average shares outstanding. evidence_url: https://www.sec.gov/Archives/edgar/data/1177609/000117760924000005/0001177609-24-000005-index.htm - Earnings Releases FIVE BELOW, INC reported full year of fiscal 2024 results: revenue $3.97 billion to $4.07 billion, net income $318 million to $346 million, EPS $5.71 to $6.22. Guidance initiated. - Period: full year of fiscal 2024 - Revenue: $3.97 billion to $4.07 billion - Net income: $318 million to $346 million - EPS: $5.71 to $6.22 - Guidance: initiated - Result: guidance update source text: For the full year of Fiscal 2024: • Net sales are expected to be in the range of $3.97 billion to $4.07 billion based on opening between 225 and 235 new stores and assuming an approximate flat to 3% increase in comparable sales. • Net income is expected to be in the range of $318 million to $346 million. • Diluted income per common share is expected to be in the range of $5.71 to $6.22 on approximately 55.6 million diluted weighted average shares outstanding. evidence_url: https://www.sec.gov/Archives/edgar/data/1177609/000117760924000005/0001177609-24-000005-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.