Five Below, Inc. to Ring The Nasdaq Opening Bell on July 19th
July 18 2017 - 4:01PM
Five Below, Inc. (NASDAQ:FIVE), a leading high-growth, value
retailer of merchandise for teens, pre-teens and beyond, will
celebrate the five year anniversary of its stock market listing
with a visit to the Nasdaq MarketSite in Times Square tomorrow,
July 19th. In honor of this celebration, Joel Anderson, President
and CEO of Five Below, will ring the Opening Bell at 9:30 a.m. EDT.
“We are incredibly proud of Five Below’s growth and success. At
the time of our IPO, we had just 215 stores in 18 states and
approximately $300 million in revenue. Today, we operate over 575
stores across 32 states with revenue exceeding $1 billion,” stated
Anderson. “Our stores have performed consistently across different
geographies and in urban, suburban and semi-rural environments.
With potential for over 2,000 stores in the U.S. alone, we believe
a substantial runway for growth lies ahead of us. Our continued
strong performance in 2017 gives us confidence in achieving our
long-term objective of delivering 20 percent top-line and over 20
percent bottom-line growth through 2020.”
Anderson continued, “I’d like to thank our loyal customers, who
inspire us to deliver WOW! every day. I could not be more proud of
our associates who work tirelessly to delight our customers and
enable us to deliver fresh, exciting trend-right products and a fun
in-store experience. The future looks bright for Five Below and we
look forward to continuing our growth and success.”
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 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 the Company's strategy and
expansion plans, risks related to the inability to successfully
implement our expansion into online retail, 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 the Company's continued
retention of its executive officers, senior management and other
key personnel, risks related to changes in consumer preferences and
economic conditions, risks related to increased operating costs,
including wage rates, risks related to extreme weather, risks
related to the Company's 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 cyber security, risks related to our ability to
protect our brand name and other intellectual property, risks
related to customers' payment methods, risks related to trade
restrictions, 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 a
broad range of trend-right, high-quality merchandise targeted at
the teen and pre-teen customer. Five Below offers a dynamic, edited
assortment of exciting products in a fun and differentiated store
environment, all priced at $5 and below. Select brands and licensed
merchandise fall into the Five Below worlds: Style, Room, Sports,
Tech, Crafts, Party, Candy, and Now. Five Below was founded in 2002
and is headquartered in Philadelphia, Pennsylvania, today with over
575 stores in 32 states. For more information, please visit
www.fivebelow.com or come into one of our stores!
Five Below Contact:
Christiane Pelz
215-207-2658
Christiane.pelz@fivebelow.com
Five Below (NASDAQ:FIVE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Five Below (NASDAQ:FIVE)
Historical Stock Chart
From Apr 2023 to Apr 2024