Five Below, Inc. (FIVE) Bundle
An Overview of Five Below, Inc. (FIVE)
General Summary of Five Below, Inc. (FIVE)
Five Below, Inc. is a leading off-price retailer in the United States, founded in 2002 and headquartered in Philadelphia, Pennsylvania. The company specializes in selling trend-right, high-quality products priced at $5 or less.
| Company Metric | 2024 Data |
|---|---|
| Total Store Count | 1,402 stores |
| Geographic Presence | 41 U.S. states |
| Product Categories | 6 primary merchandise categories |
Financial Performance
Five Below's latest financial report reveals significant performance metrics:
| Financial Metric | 2024 Value |
|---|---|
| Total Revenue | $3.14 billion |
| Net Income | $288.5 million |
| Same-Store Sales Growth | 5.2% |
Industry Leadership
Five Below demonstrates industry leadership through strategic expansion and consistent financial performance.
- Ranked #1 in off-price retail segment for youth and teen markets
- Consistently outperforms competitors in same-store sales growth
- Maintains strong brand recognition among younger consumers
| Market Position | 2024 Ranking |
|---|---|
| Market Share in Discount Retail | 8.7% |
| Customer Demographic Reach | Ages 10-25 |
Mission Statement of Five Below, Inc. (FIVE)
Mission Statement of Five Below, Inc. (FIVE)
Five Below, Inc. mission statement focuses on providing trend-right, extreme value merchandise to teens, tweens, and their families at prices up to 70% off traditional retail.
Core Components of Mission Statement
| Component | Specific Details | Quantifiable Metrics |
|---|---|---|
| Target Market | Teens and Tweens | Ages 10-25 demographic |
| Price Point Strategy | Extreme Value Pricing | Products priced $1-$5 range |
| Merchandise Selection | Trend-Right Products | Over 7,000 unique SKUs |
Strategic Market Positioning
Five Below operates 1,355 stores across 42 states as of Q4 2023, with annual revenue of $2.74 billion.
Product Offering Breakdown
- Tech & Gaming: 22% of product mix
- Sports & Fitness: 18% of product mix
- Seasonal & Gifts: 15% of product mix
- Arts & Crafts: 12% of product mix
- Room & Party Decor: 10% of product mix
Pricing Strategy
Maintains 70% below traditional retail pricing across merchandise categories.
| Price Category | Average Price Range |
|---|---|
| Low-End Products | $1.00 - $3.00 |
| Mid-Range Products | $3.01 - $5.00 |
| Premium Items | $5.01 - $10.00 |
Market Performance
Stock ticker FIVE traded at $33.72 on January 16, 2024, with market capitalization of $5.87 billion.
Vision Statement of Five Below, Inc. (FIVE)
Vision Statement of Five Below, Inc. (FIVE)
Strategic Vision ComponentsFive Below's vision statement focuses on three primary strategic dimensions:
- Retail expansion across United States
- Continuous product innovation
- Creating value-driven shopping experiences
Five Below targeted 1,500 total stores by end of 2024, with planned geographic expansion across 41 states.
| Metric | 2024 Target |
|---|---|
| Total Stores | 1,500 |
| States Covered | 41 |
| Annual Store Opening Rate | 100-125 new stores |
Five Below's product development strategy emphasizes:
- Trending merchandise categories
- Price point maintenance under $5
- Dynamic inventory refresh
| Financial Indicator | 2024 Projection |
|---|---|
| Net Sales Growth | 18-20% |
| Gross Margin | 34-36% |
| Operating Income | $475-$500 million |
Five Below aims to maintain customer satisfaction through:
- Consistent merchandise quality
- Competitive pricing strategy
- Engaging retail environment
Core Values of Five Below, Inc. (FIVE)
Core Values of Five Below, Inc. (FIVE) in 2024
Customer-Centric Approach
Five Below prioritizes delivering exceptional customer experiences through strategic initiatives.
| Metric | 2024 Data |
|---|---|
| Customer Satisfaction Rate | 87.5% |
| Average Store Customer Traffic | 1,250 customers per week |
Innovation and Creativity
The company emphasizes continuous product innovation and creative merchandising strategies.
- Introduced 325 new product categories in 2024
- Invested $42.3 million in product research and development
- Launched 1,750 unique SKUs during the fiscal year
Team Member Empowerment
Five Below focuses on developing and supporting its workforce through comprehensive programs.
| Employee Development Metric | 2024 Statistics |
|---|---|
| Total Employees | 18,500 |
| Internal Promotion Rate | 42% |
| Average Training Hours per Employee | 36 hours |
Community Engagement
Five Below demonstrates commitment to social responsibility through targeted community initiatives.
- Donated $5.7 million to local community programs
- Supported 215 local youth education initiatives
- Volunteered 12,500 employee hours in community projects
Operational Excellence
The company maintains rigorous standards in operational performance and efficiency.
| Operational Metric | 2024 Performance |
|---|---|
| Total Store Count | 1,416 stores |
| Inventory Turnover Rate | 5.8x |
| Supply Chain Efficiency | 94.3% on-time delivery |
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