Five Below, Inc. Announces Second Quarter Fiscal 2023 Earnings Release and Conference Call Date
16 Agosto 2023 - 10:01PM
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 second quarter of
fiscal 2023 will be released after market close on Wednesday,
August 30, 2023. The company will host a conference call at 4:30
p.m. Eastern Time to discuss the financial results.
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. 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.
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 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 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 (in addition to COVID-19), 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 offering, 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 over 1,400
stores in 43 states. For more information, please visit
www.fivebelow.com or find Five Below on Instagram, TikTok, X and
Facebook @FiveBelow.
Investor Contact: Five Below, Inc.Christiane
PelzVice President, Investor Relations &
Treasury215-207-2658InvestorRelations@fivebelow.com
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