Five Below, Inc. Announces Third Quarter Fiscal 2024 Earnings Release and Conference Call Date
November 20 2024 - 4:01PM
Five Below, Inc. (NASDAQ: FIVE), the trend-right, high-quality,
extreme-value retailer for tweens, teens and beyond, today
announced that its financial results for the third quarter of
fiscal 2024 will be released after market close on Wednesday,
December 4, 2024. The company will host a conference call at 4:30
p.m. Eastern Time to discuss the financial results.
A live audio webcast of the conference call will be available
online at investor.fivebelow.com, where a replay will be available
shortly after conclusion of the call. Investors and analysts
interested in participating in the call are invited to dial
412-902-6753 approximately 10 minutes prior to the start of the
call.
Forward-Looking Statements:This news release
includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 as contained in
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, which reflect management's current
views and estimates regarding the Company's industry, business
strategy, goals and expectations concerning its market position,
future operations, margins, profitability, capital expenditures,
liquidity and capital resources, store count potential and other
financial and operating information. Investors can identify these
statements by the fact that they use words such as "anticipate,"
"assume," "believe," "continue," "could," "estimate," "expect,"
"intend," "may," "plan," "potential," "predict," "project,"
"future" and similar terms and phrases. The Company cannot assure
investors that future developments affecting the Company will be
those that it has anticipated. Actual results may differ materially
from these expectations due to risks related to disruption to the
global supply chain, risks related to the Company's strategy and
expansion plans, risks related to our ability to attract, retain,
and integrate qualified executive talent, including successfully
filling our currently open President & CEO position, risks
related to disruptions in our information technology systems and
our ability to maintain and upgrade those systems, risks related to
the inability to successfully implement our online retail
operations, risks related to cyberattacks or other cyber incidents,
risks related to increased usage of machine learning and other
types of artificial intelligence in our business, and challenges
with properly managing its use; risks related to our ability to
select, obtain, distribute and market merchandise profitably, risks
related to our reliance on merchandise manufactured outside of the
United States, the availability of suitable new store locations and
the dependence on the volume of traffic to our stores, risks
related to changes in consumer preferences and economic conditions,
risks related to increased operating costs, including wage rates,
risks related to inflation and increasing commodity prices, risks
related to potential systematic failure of the banking system in
the United States or globally, risks related to extreme weather,
pandemic outbreaks, global political events, war, terrorism or
civil unrest (including any resulting store closures, damage, or
loss of inventory), risks related to leasing, owning or building
distribution centers, risks related to our ability to successfully
manage inventory balance and inventory shrinkage, quality or safety
concerns about the Company's merchandise, increased competition
from other retailers including online retailers, risks related to
the seasonality of our business, risks related to our ability to
protect our brand name and other intellectual property, risks
related to customers' payment methods, risks related to domestic
and foreign trade restrictions including duties and tariffs
affecting our domestic and foreign suppliers and increasing our
costs, including, among others, the direct and indirect impact of
current and potential tariffs imposed and proposed by the United
States on foreign imports, risks associated with the restrictions
imposed by our indebtedness on our current and future operations,
the impact of changes in tax legislation and accounting standards
and risks associated with leasing substantial amounts of space. For
further details and a discussion of these risks and uncertainties,
see the Company's periodic reports, including the annual report on
Form 10-K, quarterly reports on Form 10-Q and current reports on
Form 8-K, filed with or furnished to the Securities and Exchange
Commission and available at www.sec.gov. If one or more of these
risks or uncertainties materialize, or if any of the Company's
assumptions prove incorrect, the Company's actual results may vary
in material respects from those projected in these forward-looking
statements. Any forward-looking statement made by the Company in
this news release speaks only as of the date on which the Company
makes it. Factors or events that could cause the Company's actual
results to differ may emerge from time to time, and it is not
possible for the Company to predict all of them. The Company
undertakes no obligation to publicly update any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except as may be required by any
applicable securities laws.
About Five Below: Five Below is a leading
high-growth value retailer offering trend-right, high-quality
products loved by tweens, teens and beyond. We believe life is
better when customers are free to "let go & have fun" in an
amazing experience filled with unlimited possibilities. With most
items priced between $1 and $5 and some extreme value items priced
beyond $5 in our incredible Five Beyond shop, Five Below makes it
easy to say YES! to the newest, coolest stuff across eight awesome
Five Below worlds: Style, Room, Sports, Tech, Create, Party, Candy,
and New & Now. Founded in 2002 and headquartered in
Philadelphia, Pennsylvania, Five Below today has more than 1,700
stores in 44 states. For more information, please visit
www.fivebelow.com or find Five Below on Instagram, TikTok, YouTube
and Facebook @FiveBelow.
Investor Contact: Five Below, Inc.Christiane
PelzVice President, Investor Relations
215-207-2658InvestorRelations@fivebelow.com
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