FIVE BELOW, INC

Five Below, Inc. (NASDAQ: FIVE) operates as a specialty value retailer offering trend-right, high-quality products primarily priced at five dollars and below. The company's website is www.fivebelow.com.

Founded in 2002 in the greater Philadelphia area, Five Below has expanded to operate 1,921 stores across 46 states as of January 31, 2026. The company targets customers aged five to nineteen and their parents, positioning itself as a destination for fun, affordable shopping with universal appeal across multiple age groups. The typical store spans approximately 9,500 square feet and is located in power, community, and lifestyle shopping centers, with roughly four percent of locations in malls.

Five Below organizes its merchandise into eight category worlds: Candy, Style, Party, Room, Create, Tech, Sports, and New & Now. The product mix comprises leisure items at 44.5 percent of net sales, fashion and home goods at 30.9 percent, and snack and seasonal merchandise at 24.6 percent. The company sources approximately sixty percent of purchases from domestic vendors across roughly 1,000 supplier relationships, with no single vendor exceeding five percent of purchases.

The company operates five major distribution facilities totaling approximately 5.2 million square feet across Buckeye Arizona, Forsyth Georgia, Indianapolis Indiana, Pedricktown New Jersey, and Conroe Texas, distributing approximately eighty-five percent of retail merchandise through these shipcenters. The remaining merchandise ships directly from vendors to stores.

Five Below employs approximately 7,800 full-time and 16,800 part-time crew members, with roughly 23,000 store associates, 1,000 shipcenter employees, and 600 corporate staff. The company's business model emphasizes strong store economics, with new stores achieving average payback periods of approximately one year and generating approximately two million dollars in first-year sales.

The company's competitive positioning centers on its dynamic merchandising strategy, edited product assortment, exceptional value proposition, differentiated shopping experience, and proven store economics. Five Below believes significant expansion opportunity exists, targeting more than 3,500 locations over time.