$FIVE

FIVE BELOW, INC

CIK:0001177609|SEC Filings

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
Income Statement [Abstract]
Net sales	$ 1,261,493	$ 1,026,847	$ 2,547,095	$ 1,997,374
Cost of goods sold (exclusive of items shown separately below)	649,070	684,478	1,456,030	1,331,092
Selling, general and administrative expenses	285,870	242,314	559,146	468,816
Depreciation and amortization	51,203	47,690	102,326	94,254
Operating income	275,350	52,365	429,593	103,212
Interest income and other income, net	15,418	5,540	23,673	11,187
Income before income taxes	290,768	57,905	453,266	114,399
Income tax expense	69,373	15,143	108,815	30,489
Net income	$ 221,395	$ 42,762	$ 344,451	$ 83,910
Basic income per common share (in dollars per share)	$ 4.02	$ 0.78	$ 6.24	$ 1.52
Diluted income per common share (in dollars per share)	$ 3.99	$ 0.77	$ 6.20	$ 1.52
Weighted average shares outstanding:
Basic shares (in shares)	55,130,589	55,072,140	55,196,391	55,059,126
Diluted shares (in shares)	55,474,573	55,389,479	55,540,532	55,289,719

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
Operating activities:
Net income	$ 344,451	$ 83,910
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	102,326	94,254
Share-based compensation expense	15,029	18,419
Deferred income tax expense (benefit)	3,373	(2,773)
Other non-cash expenses	4,768	754
Changes in operating assets and liabilities:
Inventories	(94,553)	(140,102)
Prepaid income taxes and tax receivable	(364)	(8)
Prepaid expenses and other assets	26,246	46,240
Accounts payable	63,694	110,636
Income taxes payable	(55,256)	(51,998)
Accrued salaries and wages	(23,164)	16,789
Operating leases	6,084	(2,654)
Other accrued expenses	50,076	52,191
Net cash provided by operating activities	442,710	225,658
Investing activities:
Purchases of investment securities and other investments	(540,207)	(95,648)
Sales, maturities, and redemptions of investment securities	121,895	185,303
Capital expenditures	(110,417)	(80,928)
Net cash (used in) provided by investing activities	(528,729)	8,727
Financing activities:
Net proceeds from issuance of common stock	462	477
Repurchase and retirement of common stock	(60,363)	0
Proceeds from exercise of options to purchase common stock and vesting of restricted and performance-based restricted stock units	2	1
Common shares withheld for taxes	(16,698)	(3,835)
Net cash used in financing activities	(76,597)	(3,357)
Net (decrease) increase in cash and cash equivalents	(162,616)	231,028
Cash and cash equivalents at beginning of period	723,699	331,718
Cash and cash equivalents at end of period	561,083	562,746
Supplemental disclosures of cash flow information:
Increase in accrued purchases of property and equipment	$ 12,753	$ 6,088

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 01, 2026	Jan. 31, 2026	Aug. 02, 2025
Current assets:
Cash and cash equivalents	$ 561,083	$ 723,699	$ 562,746
Short-term investment securities	626,821	208,508	107,418
Inventories	941,162	846,609	799,602
Prepaid income taxes and tax receivable	5,574	5,210	4,657
Prepaid expenses and other current assets	100,712	132,697	110,495
Total current assets	2,235,352	1,916,723	1,584,918
Property and equipment, net of accumulated depreciation and amortization of $1,022,427, $921,027, and $841,073, respectively.	1,250,477	1,234,331	1,253,808
Operating lease assets	1,766,069	1,765,704	1,746,255
Other assets	25,928	20,261	21,557
Total assets	5,277,826	4,937,019	4,606,538
Current liabilities:
Line of credit	0	0	0
Accounts payable	436,734	368,381	371,801
Income taxes payable	1,388	56,644	0
Accrued salaries and wages	44,341	67,505	36,532
Other accrued expenses	215,896	160,328	204,926
Operating lease liabilities	307,637	301,148	311,365
Total current liabilities	1,005,996	954,006	924,624
Other long-term liabilities	11,318	8,667	10,288
Long-term operating lease liabilities	1,731,001	1,731,041	1,707,261
Deferred income taxes	53,388	50,015	57,118
Total liabilities	2,801,703	2,743,729	2,699,291
Commitments and contingencies (note 6)
Shareholders’ equity:
Common stock, $0.01 par value. Authorized 120,000,000 shares; issued and outstanding 55,055,117, 55,228,735, and 55,146,485 shares, respectively.	550	551	550
Additional paid-in capital	117,174	178,791	167,480
Retained earnings	2,358,399	2,013,948	1,739,217
Total shareholders’ equity	2,476,123	2,193,290	1,907,247
Total liabilities and shareholders' equity (deficit)	$ 5,277,826	$ 4,937,019	$ 4,606,538