Five Below
Stage
IPO | IPOTotal Raised
$37MDate of IPO
7/19/2012Market Cap
10.84BStock Price
198.35Revenue
$0000About Five Below
Five Below is a specialty value retailer offering a broad range of trend-right, high-quality merchandise targeted at the aspirational teen and pre-teen customer. The company offers an edited assortment of products, all priced at $5 and below, including select brands and licensed merchandise across a number of categories: Style, Room, Sports, Media, Crafts, Party, Candy and Seasonal. In September 2010, Advent International acquired a majority stake in Five Below. Other terms of the deal were not released. In July 2012, Five Below went public with a valuation of $914 million.
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Five Below Patents
Five Below has filed 1 patent.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
8/7/2013 | Undergarments, Fashion accessories, Gas lasers, Wound decorations, Trousers and shorts | Application |
Application Date | 8/7/2013 |
|---|---|
Grant Date | |
Title | |
Related Topics | Undergarments, Fashion accessories, Gas lasers, Wound decorations, Trousers and shorts |
Status | Application |
Latest Five Below News
Jan 11, 2023
Five Below Plans to Convert 400 Stores to Higher-Price Format January 11, 2023 at 11:21 AM EST By Adam Blair Five Below , the value retailer targeting the tween and teen markets, plans to open more than 200 stores during its fiscal year 2023, which ends in January 2024, and convert more than 400 stores to its higher-priced Five Beyond format . The ambitious store opening plans are in line with the retailer’s March 2022 announcement that it intends to open approximately 1,000 stores by its fiscal year 2025. This brick-and-mortar expansion comes on the heels of a strong holiday season: net sales from Oct. 30, 2022 through Jan. 7, 2023 rose to just over $1 billion, 11.2% higher than the same period the previous year, and comp store sales rose 0.9%. “We are pleased with our holiday performance, with results in the upper end of our fourth quarter sales guidance range,” said Joel Anderson, President and CEO of Five Below in a statement. “We believe our diverse eight worlds and WOW merchandise offering along with increased and more targeted marketing effectively highlighted the tremendous value for our customers. Given this holiday performance, we now expect to finish the fourth quarter and full year near the high end of our previously provided guidance ranges.” Five Below’s Q4 guidance had forecasted net sales ranging from $1.085 million to $1.110 million and comp sales ranging from a 1% decrease to a 1% increase. The retailer’s Q4 and FY 2022 will end on Jan. 28, 2023. Advertisement
Five Below Frequently Asked Questions (FAQ)
Where is Five Below's headquarters?
Five Below's headquarters is located at 1818 Walnut Street, Philadelphia.
What is Five Below's latest funding round?
Five Below's latest funding round is IPO.
How much did Five Below raise?
Five Below raised a total of $37M.
Who are the investors of Five Below?
Investors of Five Below include Advent International, LLR Partners and Blue 9 Capital.
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